#business-restructuring

#business-restructuring

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

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

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

Body Shop closing 75 more shops, 489 job losses

Administrators aim to preserve brand through heavy restructuring.

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

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

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

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

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

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

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

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

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

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

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.

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

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

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

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

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

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

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

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

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 selling Relic Entertainment and cutting jobs

Relic Entertainment going independent with external investor support