#corporate-restructuring

#corporate-restructuring

Spirit Airlines filed for Chapter 11 bankruptcy but will continue operations and ticket sales during restructuring.

Nissan plans to cut 9,000 jobs and reduce global production to address severe financial challenges.

23andMe is restructuring, laying off 40% of its workforce, and abandoning its therapeutics program amidst severe financial struggles.

23andMe is restructuring by laying off 40% of its workforce and ceasing therapy programs to focus on its core consumer business.

23andMe is cutting 40% of its workforce and halting therapy development to focus on consumer services after a significant data breach.

Boeing is cutting approximately 17,000 jobs to ensure long-term competitiveness amidst ongoing challenges including a machinist strike.

Boeing is taking measures to strengthen its financial position amidst rising costs and a significant ongoing strike.

Boeing's future in aerospace is uncertain due to significant financial losses and internal production issues requiring comprehensive changes.

Boeing plans to cut 10% of its workforce, totaling around 17,000 jobs, to improve operations and cut costs amid ongoing production issues.

Franchise Group has filed for Chapter 11 bankruptcy, struggling with $2 billion in debt and impacted by investment firm B. Riley's financial turmoil.

Red Lobster successfully exited Chapter 11 bankruptcy after being acquired by RL Investor Holdings.

Mr. Chen Qi's career ended amid company restructuring, leading to bankruptcy and the legal severance of family ties.

BurgerFi is facing bankruptcy due to significant financial losses and ongoing operational challenges.

The chain's financial troubles have been compounded by a history of lawsuits and store closures.

Despite numerous awards, BurgerFi has struggled to sustain profitability after a public buyout and leadership changes.

The Independent is committed to providing accessible journalism during critical times.

Hornby is selling a loss-making subsidiary to improve profitability.

Luminate Home Loans is closing its NEO division to focus on integrating mortgage lending into its banking services.

TikTok's head of global marketing is leaving, consolidating marketing roles under Zenia Mucha for better organizational cohesion amid ongoing communication challenges.

CVS Health ousted CEO Karen S. Lynch amidst sluggish growth and investor pressure, appointing David Joyner as new chief to tackle financial issues.

Initialized Capital is restructuring to adapt to current venture market pressures and reduce operational complexity.

Meta's layoffs and restructuring impact employees amidst cost-cutting measures while the company also faces scrutiny for oversight in employee benefits usage.

Meta recently fired about two dozen employees for misusing a meal perk, illustrating strict enforcement of company policies during organizational restructuring.

HSBC plans to save $300 million by restructuring and cutting senior banker positions under new CEO Georges Elhedery.

Starbucks is establishing a global chief brand officer role to enhance product and customer experience under new CEO Brian Niccol's leadership.

TikTok is restructuring its global marketing operations, dissolving the head of global marketing position held by Kate Jhaveri, to streamline branding efforts.

Ørsted's offshore wind project delays highlight the financial and operational challenges facing the renewable energy sector.

Tech layoffs persist into 2024, with significant cuts affecting thousands across major companies, showcasing both economic and innovative impacts.

Apple's restructuring strategy led to job cuts in its digital services, particularly affecting the Apple Books team.

Layoffs at Apple are rare but have occurred in 2024, including in the self-driving car project and microLED displays.

Ricoh is cutting 2,000 jobs to enhance profitability and restructure its business focus.

Walmart is asking remote workers to return to the office and consolidating corporate staff to its headquarters, cutting jobs and relocating workers to bigger hubs.

Annapurna Interactive's entire team resigned following failed negotiations to separate from the company, despite ongoing commitments to partners.

Annapurna Interactive's entire staff has resigned amidst restructuring efforts to merge gaming with film and TV divisions.

Microsoft is laying off 650 employees from its gaming division, largely for restructuring purposes following their acquisition of Activision Blizzard.

Following a layoff, tech workers might consider gig jobs or temporary relocations until the job market improves.

Tesla continues to see a trend of senior employee departures, including VP Sreela Venkataratnam, amid a demanding work culture.

Tesla announced a global workforce reduction of 10% and dismissed the entire Supercharging team, including long-term employees.

AI strategy impacting bookings positively.

Deloitte is undergoing a major corporate restructuring affecting Deloitte Digital's marketing approach.

The restructuring aims to streamline the company's go-to-market strategy to enhance client services.