After winding down its out-of-town operations and ducking into bankruptcy last summer, WayForth’s CEO says the Richmond-based moving company is now moving in the right direction.
The company, which offers moving and related services with a focus on seniors, filed for Chapter 11 bankruptcy protection last week in federal court in Richmond.
Moving company WayForth is laying off hundreds and closing operations across eight states following a downturn in business. The post Moving company WayForth laying off hundreds, closing operations in 8 states appeared first on FreightWaves.
Left scrambling after a failed merger, the once fast-growing company is moving rapidly to restructure by shrinking from nearly 500 employees to 50, leaving only its Richmond operations intact.