2 ms·
This Convoy? https://en.wikipedia.org/wiki/Convoy_(company) https://en.wikipedia.org/wiki/Convoy_(company) If yes, it sounds rough! > On 19th October 2023,
by throwaway2037 3y ago
This Convoy? https://en.wikipedia.org/wiki/Convoy_(company) https://en.wikipedia.org/wiki/Convoy_(company)
If yes, it sounds rough!
> On 19th October 2023, Convoy ceased operations and laid off remaining staff. Remaining staff were given no severance and were told their stock options were worthless.[9] In a memo sent that day to employees, Lewis points to "a massive freight recession and a contraction in the capital markets" as major factors resulting in the company's failure.[10]