#business-restructuring
#business-restructuring

Quantron is out of insolvency: founder Andreas Haller has taken over the company - Sustainable Bus

Quantron emerges from insolvency proceedings with a renewed strategy and focus on resilience and profitability.

European startups

TikTok staffers say Chinese leadership has been tightening its grip over US operations

TikTok's leadership is increasingly shifting towards Chinese executives amid US executive departures.

#bankruptcy

Startup companies

Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yet

Hooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.

fromSilicon Canals

Miscellaneous

Major jolt to European battery ambitions: Northvolt files for Chapter 11 bankruptcy protection in US, CEO steps down - Silicon Canals

Northvolt filed for Chapter 11 in the U.S. to reorganise debt while continuing to operate normally during the process.

Startup companies

Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yet

Hooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.

fromSilicon Canals

fromwww.independent.co.uk

Miscellaneous

Major jolt to European battery ambitions: Northvolt files for Chapter 11 bankruptcy protection in US, CEO steps down - Silicon Canals

Northvolt filed for Chapter 11 in the U.S. to reorganise debt while continuing to operate normally during the process.

more#bankruptcy

#morrisons

fromwww.yourlocalguardian.co.uk

UK news

Morrisons to shut 52 cafes and 17 stores as part of major shake-up

The Independent plays a crucial role in providing accessible quality journalism during critical social issues.

fromwww.independent.co.uk

London food

Morrisons store in Croydon set to close as part of huge set of closures

Morrisons is closing 17 convenience stores and 52 cafes due to restructuring efforts amid local challenges.

fromwww.yourlocalguardian.co.uk

UK news

Morrisons to shut 52 cafes and 17 stores as part of major shake-up

The Independent plays a crucial role in providing accessible quality journalism during critical social issues.

London food

Morrisons store in Croydon set to close as part of huge set of closures

Morrisons is closing 17 convenience stores and 52 cafes due to restructuring efforts amid local challenges.

more#morrisons

Startup companies

fromwww.mercurynews.com

2 months ago

Private equity firm to acquire Walgreens for just under $10 billion

Walgreens is being acquired by Sycamore Partners for $11.45 per share to facilitate its turnaround after years of financial struggles.

#layoffs

Artificial intelligence

fromComputerworld

Workday to cut 1,750 jobs, shift focus to AI and global expansion

Workday's layoffs aim to pivot towards AI and international growth, but raise concerns about potential customer service disruptions during the transition.

6 months ago

Miscellaneous

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.

fromSFGATE

Miscellaneous

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.

Artificial intelligence

fromComputerworld

Workday to cut 1,750 jobs, shift focus to AI and global expansion

Workday's layoffs aim to pivot towards AI and international growth, but raise concerns about potential customer service disruptions during the transition.

6 months ago

Miscellaneous

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.

fromSFGATE

Miscellaneous

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.

Miscellaneous

Macy's store in Mass. among dozens closing across the U.S.

Macy's is closing 66 stores as part of a strategic plan to focus on profitable locations and sustainability.

Miscellaneous

Macy's store closures: Full list and map of doomed locations announced in 2025 as clearance sales begin

Macy's is closing 64 additional stores to enhance profitability, part of a broader strategy to streamline operations.

The closure plan includes a total of 150 stores by early 2027.

fromBoston.com

Miscellaneous

Macy's store in Mass. among dozens closing across the U.S.

Macy's is closing 66 stores as part of a strategic plan to focus on profitable locations and sustainability.

Miscellaneous

Macy's store closures: Full list and map of doomed locations announced in 2025 as clearance sales begin

Macy's is closing 64 additional stores to enhance profitability, part of a broader strategy to streamline operations.

The closure plan includes a total of 150 stores by early 2027.

Miscellaneous

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.

fromwww.bbc.com

Miscellaneous

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.

fromTechCrunch

Miscellaneous

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.

fromwww.bbc.com

fromwww.yourlocalguardian.co.uk

Miscellaneous

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.

more#23andme

fromBBC News

6 months ago

Miscellaneous

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.

7 months ago

Miscellaneous

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.

Startup companies

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.

fromwww.theguardian.com

Privacy professionals

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.

#job-cuts

fromTESLARATI

Startup companies

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.

fromITPro

Business

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.

fromTESLARATI

Startup companies

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.

fromITPro