Yellow layoffs, on the record
Every job cut, severance charge and restructuring Yellow reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from approximately 30,000 to approximately 30,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2020 | approximately 30,000 | December 31, 2020 |
| 10-K for 2021 | approximately 32,000 | December 31, 2021 |
| 10-K for 2022 | approximately 30,000 | December 31, 2022 |
Job cuts, severance and restructuring
Our summarySalaries, wages and employee benefits expense fell in 2022, partly because the company cut hours and reduced headcount as shipping volume declined.
Word for word“Salaries, wages and employee benefits decreased $113.4 million primarily due to a $70.9 million decrease in employee wages and related benefits as a result of fewer hours and a reduction in headcount, corresponding with shipping volume decreases.” 10-K for 2022
Yellow has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Yellow’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.