#financial-challenges

#financial-challenges

"It is just not possible to continue beyond this next year," Palmer said in a video message.

The biggest assets are your contact list and your reputation. If I know people, I can ask them for work, get credit, find buyers. Without that, you're just another person.

Elon Musk's startup xAI is burning through $1 billion a month due to high costs of building advanced AI models, facing slow revenue generation.

Kering announced that Luca de Meo, the former CEO of Renault, will be its new chief executive, starting in September, to address recent revenue declines.

Barnsley FC's decision to fold their women's team was driven by financial pressures and inadequate facilities as per the FA's standards, aiming to protect overall club viability.

San Mateo County's proposed budget reflects increased pressures on revenues and expenses, ensuring flexibility amidst uncertainties, while prioritizing children, families, seniors, and mental health support.

Alan Garber, Harvard University's president, announced he will voluntarily cut 25 percent of his salary for the fiscal year 2026 due to significant federal funding reductions.

"I tried to hold on as things were getting a little better at the end of last year, but the epic storm that 2025 has been so far leaves me with empty coffers and little hope for change in the near future."

"We are proud of the Landing's coverage of Greater Houston and continue to believe deeply in the need for more free, independent journalism in our region."

Averett University has appointed Venita Mitchell as acting president following David Joyce's resignation due to his wife's health issues after just three months in the role.

The 2025 Waterfront Blues Festival has been confirmed for its 38th year, but will now only span two days instead of the usual four, reflecting financial adjustments made after losses in 2024.

The financially troubled Chicago Sun-Times announced Tuesday that it is shedding 23 newsroom employees through buyouts, more than 20% of staff. Among those departing are some of the paper's best-known journalists.