5 Biggest Companies Laying Off in 2023

In this article we are going to list the 5 biggest companies laying off in 2023. For a detailed coverage of this topic and a more comprehensive list please take a look at the 20 biggest companies laying off in 2023.

5. Dryer’s Grand Ice Cream

Number of layoffs in 2023: 3,963

Dryer’s Grand Ice Cream is one of America’s most well-known ice cream companies and was sold as part of Nestle’s portfolio to Froneri in 2020 for $4 billion.

4. Walmart Inc. (NYSE:WMT)

Number of layoffs in 2023: 4,586

Walmart Inc. (NYSE:WMT) is the largest private employer in the world, with over 2 million employees. Walmart Inc. (NYSE:WMT) is also the biggest company in the world by revenue, and still cut thousands of jobs across multiple states.

3. Meta Platforms, Inc. (NASDAQ:META)

Number of layoffs in 2023: 5,466

While Meta Platforms, Inc. (NASDAQ:META) made significant layoffs in 2022, more have followed in 2023. Between November 2022 and May 2023, Meta Platforms, Inc. (NASDAQ:META) laid off thousands of jobs in four rounds of layoffs, and is the biggest tech company laying off in 2023.

2. David’s Bridal LLC

Number of layoffs in 2023: 9,503

David’s Bridal is a clothing chain in the U.S. which has nearly 200 locations and is America’s biggest bridal-store chain. On April 14, 2023, amid fears of bankruptcy, the company laid off over 9,000 employees, accounting for nearly 82% of its total workforce at the time. CION Investment Corporation later became the new owner of David’s Bridal.

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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