Specifically, the cuts included 90 people in YRC's information technology department, Reuters reports.
At the end of February, YRC's shareholders approved the company's $470 million debt-for-equity swap as well as the purchase of $70 million in new unsecured convertible notes in a private placement. The vote removes a total of $550 million in debt from the company's books, a result of months of restructuring efforts and a move that helped the carrier avoid bankruptcy.
According to Reuters, analysts believe the layoffs as well as employee departures will leave the YRC ranks thin.
In September 2009, the company announced plans to continue to lay off employees across the company "in response to economic conditions affecting business volumes."
The company said the "workforce adjustments" were part of an effort to move towards a "functional organizational structure."