#corporate-restructuring

#corporate-restructuring

BP's CEO promises a strategic reset, focusing on increasing oil and gas production while reducing investment in low-emission technologies.

Farming families in the south-west financially gained significantly from the Kerry Group PLC's share allocation worth over €1 million per family.

Dell is ending most remote positions, requiring in-office work for hybrid employees within an hour of offices starting March 3.

Cisco is restructuring under the leadership of Jeetu Patel to modernize its product portfolio and enhance innovation capabilities.

2024 was a significant year for corporate restructuring in the TV and streaming industries.

GM halts funding for robotaxi development at Cruise, citing high costs and competition despite prior expectations of significant revenue.

Edelman is restructuring to streamline global PR services amid economic challenges, impacting over 330 employees and closing several boutique agencies.

Dickies is relocating its headquarters from Texas to Costa Mesa as part of a restructuring plan by parent company VF Corp.

PwC is experiencing an unusual number of early retirements among partners, signaling significant changes in response to declining revenues.

Businesses in the UK are expected to face increased financial distress due to budget changes, particularly rising National Insurance contributions.

Tobacco companies propose a $25 billion payment plan due to longstanding legal battles and health impacts from smoking.

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

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

Carol Surface is leaving Apple after less than two years as chief people officer, amid multiple executive changes within the company.

Starboard Value's $1 billion investment in Pfizer signals potential strategic changes, aiming to enhance operational efficiency and profitability.

The German economy faces prolonged stagnation due to high energy prices, challenging foreign markets, and structural issues, leading to reduced exports and job losses.