Company files bankruptcy, reveals more massive layoffs

ESTERO — After several last-ditch efforts to avoid it — and five days after installing a new CEO — Hertz Global Holdings filed for bankruptcy May 23.

The Estero-based company, in a Chapter 11 filing with bankruptcy court in Delaware after the markets closed Friday, May 22, said it has $25.84 billion in assets and $24.35 billion in debts. Among the largest creditors, court records show, is a list that includes Wells Fargo, Goldman Sachs, IBM and ride-share company Lyft.