In 2020 the economic world faced a challenge unlike any seen over the past century. There were few, if any, countries left unaffected by the rapid downward spiral of the economy. With little to no warning, businesses worldwide were forced to shutter their doors to the public – and many are still in recovery mode today.
In hopes of avoiding bankruptcy, companies were forced to either furlough or lay off millions of employees, but for some, that wasn’t enough. Let’s have a look at a few of the troubled companies that have been forced to downsize, or worse, file for Chapter 11, as a result of the events of the pandemic. Will they survive at all in 2024? Read on.