5 Biggest Companies Laying Off in 2023

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1. Yellow Corporation

Number of layoffs in 2023: 32,837

Topping the list of the 20 biggest companies laying off in 2023 is Yellow Corporation, which declared bankruptcy on July 30, 2023. Currently, the transportation companies owes $730 million to the federal government, most of which is derived from the $700 million loan obtained during the pandemic in 2020, and all of its 32,000+ employees have been laid off.

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