Yellow Corporation Announces Mass Layoffs and Job Cuts Across Multiple States
Yellow Corporation, a trucking company, has eliminated 261 jobs in Wisconsin, including 86 in Neenah, due to its bankruptcy. The company cited "unforeseeable business circumstances" for the lack of earlier notice, despite its long-standing financial struggles and debt. The shutdown also affected other locations in Wisconsin, resulting in a total of about 261 job losses. Yellow terminated approximately 22,000 employees nationwide and had outstanding debt of about $1.5 billion, including a loan from the federal government.