#corporate-restructuring
#corporate-restructuring

1 day ago

European startups

A comprehensive list of 2025 tech layoffs | TechCrunch

Tech layoffs continue in 2025, with over 22,000 job cuts reported this year affecting various companies.

#bankruptcy

Marketing tech

DNA testing firm 23andMe files for bankruptcy as CEO steps down

23andMe has filed for Chapter 11 bankruptcy to facilitate its sale and restructure amid significant losses and CEO departure.

fromSFGATE

1 day ago

NYC startup

23andMe threatens 223 layoffs, including execs, as bankruptcy deadline nears

23andMe faces potential layoffs amid bankruptcy proceedings and uncertainty over its future ownership and employee retention.

Startup companies

23andMe files for bankruptcy as CEO steps down

23andMe has filed for Chapter 11 bankruptcy to facilitate a sale amidst ongoing financial struggles.

Startup companies

Report: Rite Aid's 2nd bankruptcy is imminent amid reports of more store closures and layoffs

Rite Aid plans to file for Chapter 11 bankruptcy again due to failed negotiations with lenders.

Business

Party City closing all stores nationwide, at least 80 of them in California

Party City is closing all stores due to lagging sales and unable to pay rent, marking the end of its decades-long operation.

Business

Vitamin Shoppe, Pet Supplies Plus owner files for bankruptcy

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

Marketing tech

DNA testing firm 23andMe files for bankruptcy as CEO steps down

23andMe has filed for Chapter 11 bankruptcy to facilitate its sale and restructure amid significant losses and CEO departure.

fromSFGATE

1 day ago

NYC startup

23andMe threatens 223 layoffs, including execs, as bankruptcy deadline nears

23andMe faces potential layoffs amid bankruptcy proceedings and uncertainty over its future ownership and employee retention.

Startup companies

23andMe files for bankruptcy as CEO steps down

23andMe has filed for Chapter 11 bankruptcy to facilitate a sale amidst ongoing financial struggles.

Startup companies

Report: Rite Aid's 2nd bankruptcy is imminent amid reports of more store closures and layoffs

Rite Aid plans to file for Chapter 11 bankruptcy again due to failed negotiations with lenders.

Business

Party City closing all stores nationwide, at least 80 of them in California

Party City is closing all stores due to lagging sales and unable to pay rent, marking the end of its decades-long operation.

Business

Vitamin Shoppe, Pet Supplies Plus owner files for bankruptcy

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

more#bankruptcy

Video games

2 days ago

When video games journalism eats itself, we all lose out | Keith Stuart

The recent departures and sales in video game journalism highlight ongoing shifts and challenges faced in the industry.

Key contributors have exited major sites, sparking concerns about the future of video game journalism.

#openai

OpenAI Backtracks on Plans to Drop Nonprofit Control

OpenAI restructures as a public benefit corporation, allowing its controlling nonprofit to maintain ownership.

OpenAI thinks it has defused its multibillion-dollar time bomb

OpenAI plans to restructure its for-profit arm into a Public Benefit Corporation to satisfy investor requirements and maintain some oversight from its nonprofit parent.

fromNew York Post

Miscellaneous

Elon Musk says he'll withdraw $97.4B OpenAI bid if Sam Altman abandons for-profit plans

Elon Musk will withdraw his $97.4 billion bid for OpenAI if it halts its nonprofit-to-for-profit restructuring plans.

NYC startup

OpenAI reshuffles Sam Altman's job once again

OpenAI is reshuffling leadership roles to strengthen operations and research focus amidst recent departures.

fromHackernoon

11 months ago

Artificial intelligence

Inside OpenAI's Path to Becoming a For-Profit Powerhouse | HackerNoon

OpenAI is restructuring from a hybrid to a for-profit benefit corporation, shifting control and allowing greater profitability while maintaining some nonprofit goals.

fromsfist.com

3 weeks ago

Artificial intelligence

OpenAI's Latest Hire Is 95-Year-Old Labor Activist Dolores Huerta?

Dolores Huerta has joined OpenAI's philanthropic advisory board, raising questions about the company's intentions during its transition to for-profit.

OpenAI Backtracks on Plans to Drop Nonprofit Control

OpenAI restructures as a public benefit corporation, allowing its controlling nonprofit to maintain ownership.

OpenAI thinks it has defused its multibillion-dollar time bomb

OpenAI plans to restructure its for-profit arm into a Public Benefit Corporation to satisfy investor requirements and maintain some oversight from its nonprofit parent.

Miscellaneous

fromNew York Post

Elon Musk says he'll withdraw $97.4B OpenAI bid if Sam Altman abandons for-profit plans

Elon Musk will withdraw his $97.4 billion bid for OpenAI if it halts its nonprofit-to-for-profit restructuring plans.

NYC startup

OpenAI reshuffles Sam Altman's job once again

OpenAI is reshuffling leadership roles to strengthen operations and research focus amidst recent departures.

Artificial intelligence

fromHackernoon

11 months ago

Inside OpenAI's Path to Becoming a For-Profit Powerhouse | HackerNoon

OpenAI is restructuring from a hybrid to a for-profit benefit corporation, shifting control and allowing greater profitability while maintaining some nonprofit goals.

fromsfist.com

3 weeks ago

Artificial intelligence

OpenAI's Latest Hire Is 95-Year-Old Labor Activist Dolores Huerta?

Dolores Huerta has joined OpenAI's philanthropic advisory board, raising questions about the company's intentions during its transition to for-profit.

more#openai

#leadership-transition

fromwww.thelocal.se

Miscellaneous

BREAKING: Northvolt CEO Peter Carlsson resigns as battery maker fights for survival

Carlsson resigns as Northvolt CEO but will stay on as senior advisor during company's Chapter 11 restructuring.

European startups

Ideo hires a new CEO, Michael Peng

Michael Peng's appointment signifies a return to design-focused leadership at Ideo.

Miscellaneous

Centric reorganizes and cuts jobs: will this end the turmoil?

Centric is simplifying its organizational structure to reduce costs and merge divisions, impacting 1,900 employees in the Netherlands.

fromwww.thelocal.se

Miscellaneous

BREAKING: Northvolt CEO Peter Carlsson resigns as battery maker fights for survival

Carlsson resigns as Northvolt CEO but will stay on as senior advisor during company's Chapter 11 restructuring.

European startups

Ideo hires a new CEO, Michael Peng

Michael Peng's appointment signifies a return to design-focused leadership at Ideo.

more#leadership-transition

Miscellaneous

Centric reorganizes and cuts jobs: will this end the turmoil?

Centric is simplifying its organizational structure to reduce costs and merge divisions, impacting 1,900 employees in the Netherlands.

#intel

Intel hires new CEO in struggling chipmaker's latest comeback attempt

Intel has appointed Lip-Bu Tan as the new CEO amid significant challenges facing the company.

Why Intel is cutting 20 percent of its workforce

Intel's CEO plans to cut 20% of the workforce in a reorganization to streamline operations and boost efficiency.

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

Intel reported its largest quarterly loss in history, signaling deep challenges in the semiconductor sector.

Despite significant losses, there are signs of an impending turnaround under CEO Pat Gelsinger.

Tech industry

Intel could be in for significant changes as Lip-Bu Tan takes on CEO role | TechCrunch

Intel's new CEO, Lip-Bu Tan, plans to implement major changes to improve the company's performance.

fromIT Pro

Tech industry

Intel layoffs confirmed as CEO eyes 'sustainable growth'

Intel is cutting its workforce significantly to improve efficiency and focus on engineering.

Tech industry

Intel's chief commercial officer and sales lead, Christoph Schell, resigns | TechCrunch

Christoph Schell is leaving Intel after two years to pursue another career opportunity amid significant changes in the company.

Intel is undergoing a major transformation under CEO Lip-Bu Tan, which has implications for its leadership and operational structure.

Intel hires new CEO in struggling chipmaker's latest comeback attempt

Intel has appointed Lip-Bu Tan as the new CEO amid significant challenges facing the company.

Why Intel is cutting 20 percent of its workforce

Intel's CEO plans to cut 20% of the workforce in a reorganization to streamline operations and boost efficiency.

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

Intel reported its largest quarterly loss in history, signaling deep challenges in the semiconductor sector.

Despite significant losses, there are signs of an impending turnaround under CEO Pat Gelsinger.

Tech industry

Intel could be in for significant changes as Lip-Bu Tan takes on CEO role | TechCrunch

Intel's new CEO, Lip-Bu Tan, plans to implement major changes to improve the company's performance.

fromIT Pro

Tech industry

Intel layoffs confirmed as CEO eyes 'sustainable growth'

Intel is cutting its workforce significantly to improve efficiency and focus on engineering.

Tech industry

Intel's chief commercial officer and sales lead, Christoph Schell, resigns | TechCrunch

Christoph Schell is leaving Intel after two years to pursue another career opportunity amid significant changes in the company.

Intel is undergoing a major transformation under CEO Lip-Bu Tan, which has implications for its leadership and operational structure.

Starbucks to lay off 1,100 workers and cut these 13 drinks amid lackluster sales

Starbucks plans to lay off 1,100 corporate employees to streamline operations and improve efficiency.

Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.

Southwest Airlines is making significant workforce reductions due to profitability issues.

Southwest Airlines Plans to Cut 15% of Its Work Force

Southwest Airlines is cutting 15% of its workforce, marking its first layoffs in history to enhance organizational agility.

Boston food

fromBoston.com

Mass General Brigham's second round of major layoffs begins this week

Mass General Brigham is laying off hundreds of administrative staff to address a $250 million budget gap over the next two years.

Tech layoffs 2025 update: HP, Grubhub, Autodesk, Ibotta, are the latest to cut jobs and employees

Tech industry job cuts rose sharply in late February with companies like HP, Grubhub, and Autodesk announcing layoffs.

Toronto startup

Starbucks to Lay Off 1,100 Corporate Workers

Starbucks is laying off 1,100 corporate employees to improve efficiency and address declining sales amid changing customer preferences.

Coffee

Starbucks to lay off 1,100 workers and cut these 13 drinks amid lackluster sales

Starbucks plans to lay off 1,100 corporate employees to streamline operations and improve efficiency.

Southwest Airlines is cutting 15% of its workforce in its first-ever mass layoff. Read the CEO's full memo to employees.

Southwest Airlines is making significant workforce reductions due to profitability issues.

Southwest Airlines Plans to Cut 15% of Its Work Force

Southwest Airlines is cutting 15% of its workforce, marking its first layoffs in history to enhance organizational agility.

Boston food

fromBoston.com

Mass General Brigham's second round of major layoffs begins this week

Mass General Brigham is laying off hundreds of administrative staff to address a $250 million budget gap over the next two years.

Tech layoffs 2025 update: HP, Grubhub, Autodesk, Ibotta, are the latest to cut jobs and employees

Tech industry job cuts rose sharply in late February with companies like HP, Grubhub, and Autodesk announcing layoffs.

Toronto startup

Starbucks to Lay Off 1,100 Corporate Workers

Starbucks is laying off 1,100 corporate employees to improve efficiency and address declining sales amid changing customer preferences.

more#layoffs

UK news

Santander looks at splitting car finance from rest of UK division

Santander is considering splitting off its scandal-hit motor finance business to make the UK bank more attractive for potential buyers.

European startups

3 weeks ago

TikTok is shaking up its e-commerce team as it prepares to launch in a key market

TikTok is restructuring its e-commerce team to enhance oversight from global leaders, particularly from China and Singapore.

#job-cuts

Startup companies

Southwest Air to cut 15% of corporate jobs in first-ever layoffs

Southwest Airlines will cut about 1,750 jobs, marking its first layoffs to reduce expenses amid financial challenges.

East Bay (California)

Chevron slashes several hundred jobs in East Bay amid Texas HQ move

Chevron plans to cut 600 jobs in San Ramon as part of a restructuring effort after moving its headquarters to Texas.

fromITPro

Artificial intelligence

Salesforce planning more job cuts amid AI hiring push

Salesforce plans to cut 1,000 jobs while hiring for AI-related roles, marking a significant shift in its workforce strategy.

Business

One of the world's biggest oil companies is cutting thousands of jobs

BP is cutting 7,700 jobs as part of a strategy to simplify and enhance competitiveness.

fromEntrepreneur

Business

Citigroup Lays Off Data Analysis Roles, Managing Directors | Entrepreneur

Citigroup plans to reduce 20,000 jobs by 2026 to save on costs.

The restructuring includes significant organizational simplification for improved decision-making.

fromwww.cbc.ca

Canada news

Cargill plans to slash roughly 8,000 jobs globally | CBC News

Cargill is cutting 8,000 jobs to realign its workforce with a new strategic focus.

Startup companies

Southwest Air to cut 15% of corporate jobs in first-ever layoffs

Southwest Airlines will cut about 1,750 jobs, marking its first layoffs to reduce expenses amid financial challenges.

East Bay (California)

Chevron slashes several hundred jobs in East Bay amid Texas HQ move

Chevron plans to cut 600 jobs in San Ramon as part of a restructuring effort after moving its headquarters to Texas.

Artificial intelligence

fromITPro

Salesforce planning more job cuts amid AI hiring push

Salesforce plans to cut 1,000 jobs while hiring for AI-related roles, marking a significant shift in its workforce strategy.

Business

One of the world's biggest oil companies is cutting thousands of jobs

BP is cutting 7,700 jobs as part of a strategy to simplify and enhance competitiveness.

Business

fromEntrepreneur

Citigroup Lays Off Data Analysis Roles, Managing Directors | Entrepreneur

Citigroup plans to reduce 20,000 jobs by 2026 to save on costs.

The restructuring includes significant organizational simplification for improved decision-making.

fromwww.cbc.ca

Canada news

Cargill plans to slash roughly 8,000 jobs globally | CBC News

Cargill is cutting 8,000 jobs to realign its workforce with a new strategic focus.

more#job-cuts

US news

fromLos Angeles Times

Steve Kornacki exits MSNBC for new deal with NBC News and NBC Sports

Steve Kornacki expands his role at NBC while exiting MSNBC amid its corporate separation from NBC News.

Why Gordon Singer is more powerful than ever at his father's $70 billion firm

Gordon Singer rises in influence at Elliott Management amidst strategic reorganization, despite losing autonomy over the London office.

fromwww.npr.org

US news

With the strike over, Boeing tries to refocus on what made the company iconic

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

fromVG247

fromHarvard Business Review

Video games

Sony's 2 CEOs become 1, as Hideaki Nishino steps up "take the helm", with Hermen Hulst continuing to lead PlayStation's first-party studios

Sony is restructuring its leadership with Hideaki Nishino becoming President and CEO of SIE, emphasizing growth and creativity in the PlayStation community.

Women in technology

How to Build Career Resilience in Uncertain Times

Leadership roles can be unexpectedly fragile, highlighting the need for trust and connections.

Executive transitions require preparation for unforeseen circumstances.

London

Why Gordon Singer is more powerful than ever at his father's $70 billion firm

Gordon Singer rises in influence at Elliott Management amidst strategic reorganization, despite losing autonomy over the London office.

fromwww.npr.org

US news

With the strike over, Boeing tries to refocus on what made the company iconic

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

fromVG247

fromHarvard Business Review

Video games

Sony's 2 CEOs become 1, as Hideaki Nishino steps up "take the helm", with Hermen Hulst continuing to lead PlayStation's first-party studios

Sony is restructuring its leadership with Hideaki Nishino becoming President and CEO of SIE, emphasizing growth and creativity in the PlayStation community.

Women in technology

How to Build Career Resilience in Uncertain Times

Leadership roles can be unexpectedly fragile, highlighting the need for trust and connections.

Executive transitions require preparation for unforeseen circumstances.

Walgreens could go private in deal with Sycamore Partners

Sycamore Partners may split Walgreens Boots Alliance into three distinct businesses if a private deal is confirmed.

Coffee

fromThe Mercury News

Starbucks is cutting some 'less popular' drinks from its menu. Here's what will be removed next week

Starbucks is cutting less popular drinks to streamline its menu and enhance operational efficiency.

Business

fromBusiness Matters

HSBC slashes costs by 8% in $1.5bn drive as it scales back net-zero pledges

HSBC plans an 8% staff cut to save $1.5 billion, with significant implications for UK employees amidst restructuring efforts.

Cars

fromInsideEVs

Honda Still Might Have Saved Nissan

Nissan and Honda's proposed merger failed, highlighting Nissan's need for internal reform.

#media-industry

Business intelligence

Warner Bros. Discovery separates TV networks from its streaming and studio business

Warner Bros. Discovery is restructuring its linear TV and streaming businesses to adapt to the declining cable industry.

fromDigiday

Marketing

Media Buying Briefing: IPG and its many challenges (and opportunities)

Interpublic Group faces significant challenges ahead of its acquisition by Omnicom, with disappointing earnings and a restructuring plan that may affect staff.

Business intelligence

Warner Bros. Discovery separates TV networks from its streaming and studio business

Warner Bros. Discovery is restructuring its linear TV and streaming businesses to adapt to the declining cable industry.

fromDigiday

Marketing

Media Buying Briefing: IPG and its many challenges (and opportunities)

Interpublic Group faces significant challenges ahead of its acquisition by Omnicom, with disappointing earnings and a restructuring plan that may affect staff.

more#media-industry

fromwww.housingwire.com

Real estate

Executive shakeups continue at Douglas Elliman

Stephen Kotler's leadership significantly shaped Douglas Elliman, but he is stepping down amid major organizational changes.

Digital life

BP to Reset' Strategy After Pressure From Investors, C.E.O. Says

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

#workforce-reduction

fromTheregister

Miscellaneous

Workday erases 8.5% of workforce because of...AI

Workday is laying off 8.5% of its workforce due to AI-driven restructuring efforts.

fromAxios

Marketing

Edelman cuts 5% of global workforce amid restructuring

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

Miscellaneous

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

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

fromTheregister

Miscellaneous

Workday erases 8.5% of workforce because of...AI

Workday is laying off 8.5% of its workforce due to AI-driven restructuring efforts.

fromAxios

Marketing

Edelman cuts 5% of global workforce amid restructuring

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

Miscellaneous

Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles

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

more#workforce-reduction

fromIndependent

Medicine

Kerry Group windfall: 110 shareholders net more than 1m each from sell-off of Kerry Co-op

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

fromMySA

Remote teams

Texas tech giant shuts the door on future hybrid, remote workers

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

#middle-management

Miscellaneous

Inside Amazon's plan to cut managers: More direct reports, fewer senior hires, and pay cuts

Amazon is restructuring by reducing middle management to enhance efficiency and speed in decision-making.

Business

It's a really bad time to be a middle manager

American businesses are rapidly restructuring to eliminate middle management, favoring efficiency and flattening corporate hierarchies.

fromMedium

Miscellaneous

The great post-pandemic middle-manager cull

The pandemic accelerated a trend towards video conferencing and has led to a reduction in middle management roles within companies.

Miscellaneous

Inside Amazon's plan to cut managers: More direct reports, fewer senior hires, and pay cuts

Amazon is restructuring by reducing middle management to enhance efficiency and speed in decision-making.

Business

It's a really bad time to be a middle manager

American businesses are rapidly restructuring to eliminate middle management, favoring efficiency and flattening corporate hierarchies.

fromMedium

Miscellaneous

The great post-pandemic middle-manager cull

The pandemic accelerated a trend towards video conferencing and has led to a reduction in middle management roles within companies.

more#middle-management

#journalism

UK news

Hornby to sell loss making miniature car maker Oxford Diecast

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

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

UK news

Sainsbury's to close 61 in-store cafes see if your local is affected

The Independent emphasizes the importance of unbiased journalism in today's complex news environment.

Sainsbury's is restructuring to cut costs, closing cafes, and resulting in significant job losses.

UK news

Hornby to sell loss making miniature car maker Oxford Diecast

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

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

UK news

Sainsbury's to close 61 in-store cafes see if your local is affected

The Independent emphasizes the importance of unbiased journalism in today's complex news environment.

Sainsbury's is restructuring to cut costs, closing cafes, and resulting in significant job losses.

more#journalism

fromTheregister

Venture

Intel to spin out Intel Capital this year

Intel has decided to spin out its venture capital arm Intel Capital to attract new investments while remaining an anchor investor.

fromGameSpot

Video games

Ubisoft Refuses To Comment On Tencent Rumors But Says It's Exploring Options To Maximize Value

Ubisoft is pursuing a financial restructuring plan emphasizing cost reductions and strategic options after disappointing game sales.

Miscellaneous

Cisco "needs to be 10 times better" than competition

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

Marketing

fromDigiday

Future of TV Briefing: How the future of TV shaped up in 2024

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

fromNew York Post

Miscellaneous

GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business

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

fromFortune Europe

Marketing

Unilever wants to sell brands worth 1 billion in sales collectively to trim the fat, reports say

Unilever is streamlining its operations by selling off non-core food brands and focusing on its top-performing products.

East Bay (California)

Dickies, 102-year-old Texas workwear company, moving its HQ to California

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

Miscellaneous

Number of PwC partners taking early retirement jumps amid consulting slowdown

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

fromBusiness Matters