Corporate America is in crisis - News Summed Up

Corporate America is in crisis


These are companies that are in crisis: undergoing massive layoffs, posting record losses, and in some cases, filing for bankruptcy. Domestic airlinesUnited says employees should consider voluntary separation and also laid off a third of its back office staff. Food businesses are having a different kind of trouble: One in five Wendy's hamburger restaurants is out of meat . It's a thingNote that despite the President saying he would invoke the Defense Production Act to keep meat plants open, the Trump administration has yet to keep any meat plants open . UPDATE: This story has been updated throughout to better reflect the severity of the crisis faced by the businesses mentioned.


Source: CNN May 06, 2020 00:01 UTC



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