#business-restructuring

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#store-closures

Big Lots is closing more stores: Full list of locations across 25 states in October Chapter 11 bankruptcy filing

Big Lots is rapidly closing stores to stabilize operations amid financial troubles.

The full list of Body Shop stores closing across the country

Body Shop closing 75 more shops, 489 job losses
Administrators aim to preserve brand through heavy restructuring.

Advance Auto Parts to close stores across Oregon

Advance Auto Parts will close over 700 stores nationwide, including several in Oregon, as part of an operational restructuring.

Big Lots is closing more stores: Full list of locations across 25 states in October Chapter 11 bankruptcy filing

Big Lots is rapidly closing stores to stabilize operations amid financial troubles.

The full list of Body Shop stores closing across the country

Body Shop closing 75 more shops, 489 job losses
Administrators aim to preserve brand through heavy restructuring.

Advance Auto Parts to close stores across Oregon

Advance Auto Parts will close over 700 stores nationwide, including several in Oregon, as part of an operational restructuring.
morestore-closures
#post-office

All the north London post offices that may face closure

The Post Office is facing significant restructuring, with 115 branches at risk of closure, including several in north London.

Post Office could close 115 branches with jobs at risk

The Post Office is undergoing significant restructuring, risking numerous jobs and branches, to address financial losses and competition in the market.

All the north London post offices that may face closure

The Post Office is facing significant restructuring, with 115 branches at risk of closure, including several in north London.

Post Office could close 115 branches with jobs at risk

The Post Office is undergoing significant restructuring, risking numerous jobs and branches, to address financial losses and competition in the market.
morepost-office
#23andme

23andMe cuts 40% of staff in restructuring | TechCrunch

23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.

DNA-testing site 23andMe to lay off 40% of its workers

23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.

South SF-based genetic testing company laying off 40% of workforce

23andMe is laying off 40% of its workforce and discontinuing its therapeutic program to focus on its core consumer business.

23andMe cuts 40% of staff in restructuring | TechCrunch

23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.

DNA-testing site 23andMe to lay off 40% of its workers

23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.

South SF-based genetic testing company laying off 40% of workforce

23andMe is laying off 40% of its workforce and discontinuing its therapeutic program to focus on its core consumer business.
more23andme

Nissan CEO Cuts Salary in Half, Company Laying Off 9,000 | Entrepreneur

Nissan reports a loss prompting 9,000 job cuts and a CEO salary cut of 50% as part of a restructuring effort.

Asda to cut 475 jobs and reduce hybrid working

Asda is restructuring to align with long-term business goals and simplify operations.
TDR Capital now holds a 67.5% stake in Asda after acquiring shares from Zuber Issa.
#layoffs

Massachusetts' largest pharmaceutical company is laying off employees again

Takeda has announced layoffs totaling close to 1,000 employees as part of a multi-year efficacy program aimed at ensuring future growth.

Skip the Dishes, parent company laying off hundreds of employees in Canada | CBC News

Skip the Dishes and Just Eat Takeaway.com are laying off about 800 Canadian employees to streamline operations and ensure sustainable growth.

Intel is fighting a perception battle

Intel is taking drastic measures to improve its financial situation after a period of instability.

Gwyneth Paltrow's Goop undergoes second round of layoffs in two months

Goop is restructuring to focus on beauty, fashion, and food amidst staff layoffs aimed at optimizing efficiency.

Tesla announces fourth round of layoffs in four weeks

Tesla conducted another round of layoffs, affecting various employees and teams.

Finance of America hit with layoffs; chief retail sales officer steps down

Finance of America, a leading reverse mortgage lender, has undergone layoffs affecting retail and corporate levels due to company reevaluation and focus on long-term growth.

Massachusetts' largest pharmaceutical company is laying off employees again

Takeda has announced layoffs totaling close to 1,000 employees as part of a multi-year efficacy program aimed at ensuring future growth.

Skip the Dishes, parent company laying off hundreds of employees in Canada | CBC News

Skip the Dishes and Just Eat Takeaway.com are laying off about 800 Canadian employees to streamline operations and ensure sustainable growth.

Intel is fighting a perception battle

Intel is taking drastic measures to improve its financial situation after a period of instability.

Gwyneth Paltrow's Goop undergoes second round of layoffs in two months

Goop is restructuring to focus on beauty, fashion, and food amidst staff layoffs aimed at optimizing efficiency.

Tesla announces fourth round of layoffs in four weeks

Tesla conducted another round of layoffs, affecting various employees and teams.

Finance of America hit with layoffs; chief retail sales officer steps down

Finance of America, a leading reverse mortgage lender, has undergone layoffs affecting retail and corporate levels due to company reevaluation and focus on long-term growth.
morelayoffs

Mulberry rejects revised Frasers takeover bid as "unwanted distraction"

Challice, Mulberry's largest shareholder, rejected Frasers Group's takeover bid, calling it a distraction during crucial restructuring.
#tgi-fridays

TGI Fridays close to rescue deal' that could save more than 2,000 UK jobs

A rescue deal for TGI Fridays UK could save over 2,000 jobs by selling up to 55 restaurants to new owners.

Croydon TGI Friday's set to close after chain enters administration

TGI Fridays in Croydon is closing as part of a larger administration process impacting 35 restaurants across the UK.

TGI Fridays close to rescue deal' that could save more than 2,000 UK jobs

A rescue deal for TGI Fridays UK could save over 2,000 jobs by selling up to 55 restaurants to new owners.

Croydon TGI Friday's set to close after chain enters administration

TGI Fridays in Croydon is closing as part of a larger administration process impacting 35 restaurants across the UK.
moretgi-fridays

Office Depot owner loses over 50m thanks to working from home

Office Depot's owner cites work-from-home trend as a major factor in significant financial losses leading to plans to exit the UK market.

Dublin nightlife pioneers 'step back' from Press Up group of bars and hotels

Press Up Holdings has sold key assets and shifted operational control to Cheyne Capital, marking a significant change in its leadership.

Gwyneth Paltrow's Goop is cutting 18% of staff as it scrambles to change strategy

Goop is restructuring to focus more on beauty, fashion, and food, resulting in layoffs.
#intel

Intel's faltering business is attracting another chipmaker

Qualcomm is reportedly interested in acquiring parts of Intel's client PC design unit as Intel works to revive its faltering business.

Intel CEO to pitch board on plans to shed assets, cut costs, source says

Intel is restructuring to revive its fortunes by cutting costs and potentially selling off parts of the business.

Intel's faltering business is attracting another chipmaker

Qualcomm is reportedly interested in acquiring parts of Intel's client PC design unit as Intel works to revive its faltering business.

Intel CEO to pitch board on plans to shed assets, cut costs, source says

Intel is restructuring to revive its fortunes by cutting costs and potentially selling off parts of the business.
moreintel
#fashion-industry

Topshop could return to high street after Asos sells stake for 135m

Asos sold a 75% stake in Topshop to Heartland, aiming to reduce debts and enhance brand visibility.

The Drum's Daily Briefing: Dr Martens needs revitalization and Superdry seeks salvation

Dr Martens facing tough times in the US market, stocks plunge 30% to all-time low.

Topshop could return to high street after Asos sells stake for 135m

Asos sold a 75% stake in Topshop to Heartland, aiming to reduce debts and enhance brand visibility.

The Drum's Daily Briefing: Dr Martens needs revitalization and Superdry seeks salvation

Dr Martens facing tough times in the US market, stocks plunge 30% to all-time low.
morefashion-industry

Coors slammed for 'ghosting the community' after dropping its DEI initiatives

Coors beer has officially discontinued its Diversity, Equity, and Inclusion initiatives, citing external pressures related to anti-LGBTQ+ sentiments.

Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster

Damola Adamolekun has been appointed CEO of Red Lobster to lead the company through its bankruptcy restructuring.
#job-cuts

GM to launch widespread job cuts at its software division: report

GM is cutting over 1,000 jobs in its software division to optimize operations and speed up decision-making.

Cisco to cut thousands of roles in second batch of layoffs this year

Cisco plans more job cuts to focus on high-growth areas amidst economic changes.

Right-sizing' Manchester United - what it's like when INEOS 'rips off the Band-Aid'

Manchester United intends to cut 250 jobs as part of cost-trimming efforts led by Sir Jim Ratcliffe, affecting non-football staff across different departments.

Sega Europe laying off 240 workers, selling off Company of Heroes developer Relic

Sega Europe selling Relic Entertainment and cutting jobs
Relic Entertainment going independent with external investor support

GM to launch widespread job cuts at its software division: report

GM is cutting over 1,000 jobs in its software division to optimize operations and speed up decision-making.

Cisco to cut thousands of roles in second batch of layoffs this year

Cisco plans more job cuts to focus on high-growth areas amidst economic changes.

Right-sizing' Manchester United - what it's like when INEOS 'rips off the Band-Aid'

Manchester United intends to cut 250 jobs as part of cost-trimming efforts led by Sir Jim Ratcliffe, affecting non-football staff across different departments.

Sega Europe laying off 240 workers, selling off Company of Heroes developer Relic

Sega Europe selling Relic Entertainment and cutting jobs
Relic Entertainment going independent with external investor support
morejob-cuts
from Social Media Today
8 months ago

Reddit Shares Rise in Early Trading After IPO Launch

Reddit goes public after years of preparation
Reddit shares jump 67% in early trading
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