#business-restructuring

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fromTechCrunch
5 days ago

India neobank Fi winds down banking services on its platform | TechCrunch

The banking services on the Fi app will soon be discontinued; however, your Savings Account with Federal Bank remains active and fully operational. Your funds remain completely safe and accessible at all times. The company said in the email, reviewed by TechCrunch.
Startup companies
East Bay food
fromwww.berkeleyside.org
1 week ago

Fast-casual Palestinian food, Ohlone cuisine, hand-pulled noodles, and barbecue highlight East Bay's February openings

The East Bay food scene features new openings including Blue Drip Co. Cafe in Alameda, Lulu's Little Kitchen in Albany with a revised counter-service model, and ammatka, an Ohlone cafe at Lawrence Hall of Science.
#workforce-reduction
fromBusiness Insider
1 week ago
Business

Morgan Stanley to cut 3% of worldwide workforce in core business lines: banking, trading, wealth

Morgan Stanley is reducing 3% of its global workforce, affecting approximately 2,500 positions across all three business units due to performance reviews, location strategy changes, and shifting business priorities.
fromBusiness Insider
2 weeks ago
Tech industry

Jack Dorsey's layoff memo is an ominous sign of what could come next

Block CEO Jack Dorsey is cutting nearly half its workforce in a single action rather than repeated rounds, citing damage to morale and trust from gradual layoffs.
Business
fromBusiness Insider
1 week ago

Morgan Stanley to cut 3% of worldwide workforce in core business lines: banking, trading, wealth

Morgan Stanley is reducing 3% of its global workforce, affecting approximately 2,500 positions across all three business units due to performance reviews, location strategy changes, and shifting business priorities.
fromReadWrite
1 week ago

Underdog job cuts and regulatory challenges mount nationwide

At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.
Venture
fromwww.independent.co.uk
2 weeks ago

Brewdog sold to US firm for 33m with 38 bars to close and 484 jobs lost

BrewDog has been sold to American firm Tilray Brands for just 33m, with close to 500 people being made redundant. In total, 38 bars across the UK will be set for closure, with the deal encompassing only 11 pubs along with the brand and brewing operations.
UK news
Miscellaneous
fromBusiness Matters
2 weeks ago

BrewDog closes all bars for a day amid sale talks as advisers oversee potential deal

BrewDog closed all bars for one day to conduct company-wide meetings and comply with licensing requirements related to an anticipated change of ownership as it finalizes a potential sale.
fromwww.bbc.com
2 weeks ago

John Lewis pulls out of housebuilding business

Our rental property ambition was based on a very different financial environment: one with more stable investment returns, lower borrowing costs, and more affordable costs to build homes. A fundamental shift in the economic conditions that underpinned the venture when it launched has made this business model unviable for John Lewis moving forward.
Real estate
fromBoston.com
2 weeks ago

View Boston to shutter observatory restaurants, cut 79 jobs

due to business need and restructuring," the company will lay off some of its employees by April 22. The layoffs will affect 41 full-time employees and 38 part-time workers. After a $182 million renovation, the observatory opened in June 2023 on the 52nd floor of the Prudential Center.
Boston
Business
fromFortune
1 month ago

Dorsey's Block cutting up to 10% of staff in efficiency push | Fortune

Block Inc. is conducting annual reviews that may eliminate up to 10% of its workforce amid a broader business overhaul and integration efforts.
Food & drink
fromFortune
2 months ago

Jollibee shares surge after the Filipino fried chicken chain says it'll list its 'higher-growth but more volatile' global business in the U.S. | Fortune

Jollibee will split its domestic and international operations and plans a U.S. listing for its international arm by late 2027.
Business
fromFast Company
3 months ago

Coca-Cola announces its new CEO, company veteran Henrique Braun

Henrique Braun will become Coca-Cola CEO on March 31, 2026, while James Quincey will transition to executive chairman.
fromBoston.com
4 months ago

Friendly's in Pembroke has permanently closed

A staff member from the Norwood Friendly's confirmed that the Pembroke branch at 146 Church Street has permanently closed. The location is no longer listed on the company's website.
Food & drink
fromwww.theguardian.com
5 months ago

Asheville's slimmed-down restaurants make a comeback a year after Hurricane Helene: Back to the basics'

Curate, a Spanish tapas restaurant and one of the best-known eateries in Asheville, North Carolina, sat empty for two days after Hurricane Helene last September. Then co-owner Katie Button reopened it alongside World Central Kitchen to provide meals for many community members who were without electricity and running water. To do so, Curate installed a tank and brought in clean water at the cost of $1,000 a day, racking up $30,000 in water, tank rental and delivery fees.
Food & drink
Food & drink
fromTasting Table
5 months ago

How This Health-Focused Fast Food Chain Managed To Survive Bankruptcy - Tasting Table

Clover restructured operations, rebranded as Clover, streamlined locations and menus, and recovered from Chapter 11 by focusing on efficiency, accessibility, and supplier-employee stories.
Business
fromBusiness Matters
7 months ago

The Many Questions Asked By Directors When Faced With Business Insolvency.

Business restructuring can save companies from failure by managing debt and making operational changes.
#microsoft
fromFast Company
8 months ago

Why is Del Monte bankrupt? 138-year-old brand seeks buyer in Chapter 11 filing

This is a strategic step forward for Del Monte Foods. After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods.
Food & drink
Food & drink
fromEntrepreneur
8 months ago

Canned Food Company Del Monte Foods Files for Bankruptcy | Entrepreneur

Del Monte Foods has filed for bankruptcy and is seeking a buyer through a court-supervised sale process.
fromwww.eastlondonadvertiser.co.uk
9 months ago

UK's 'first' cat cafe in east London set to close

Lady Dinah's is a place where unwanted or stray cats can find a temporary home, filled with care, enrichment and love - where their individual personalities are nurtured and respected.
London startup
NYC startup
fromThe Mirror US
9 months ago

Full list of New York CVS stores set to close as chain closes 271 locations

CVS is closing 271 locations across the US as part of a restructuring plan to adapt to changing market conditions.
fromEntrepreneur
9 months ago

TikTok Layoffs Hit E-Commerce Division in US, TikTok Shop | Entrepreneur

Mu Qing, head of TikTok Shop, informed U.S. staff about impending layoffs, emphasizing the need for more efficient operating models for future growth.
Marketing tech
Bicycling
fromBikerumor
10 months ago

Rocky Mountain is Still Canadian-Owned

Rocky Mountain Bikes transitions to new Canadian ownership, promising growth while maintaining its heritage and commitment to biking.
fromwww.romfordrecorder.co.uk
10 months ago

Decision made on future of Harold Hill Post Office after closure fears

A spokesperson for the Post Office said it hopes to complete the franchising by autumn, but that the move is "subject to government funding".
London politics
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