#restructuring

#restructuring

Dan Reed, COO of Meta's Reality Labs, is resigning after 11 years amid significant losses and restructuring of the division.

Clark Minor, previously from Palantir, is appointed CIO of HHS amid significant restructuring and staff turnover.

OpenAI's proposed restructuring is facing opposition from academics and former employees concerned about its impact on the company's mission to benefit humanity.

OpenAI is restructuring as a public benefit corporation to better align with capital-raising efforts and balance various interests.

OpenAI will retain nonprofit control in its restructuring, responding to civic concerns about governance and nonprofit obligations.

OpenAI plans to restructure its for-profit arm into a public benefit corporation governed by its nonprofit.

OpenAI is struggling to find a profitable model, with the ChatGPT Pro subscription costing more than revenue generated.

Volvo is facing severe financial challenges prompting a significant cost-cutting initiative.

Lotus is restructuring and cutting up to 270 jobs due to market volatility and new US tariffs impacting competitiveness.

The Peace Corps is offering a second buyout option for staff amid restructuring efforts prompted by the Department of Government Efficiency.

HHS is undergoing significant layoffs, affecting key support structures for small and disadvantaged businesses.

Intel is undergoing a significant restructuring that may involve layoffs of up to 20% of its workforce to streamline operations.

Jane Fraser is attempting to revitalize Citigroup through leadership changes, layoffs, and significant initiatives, but substantial challenges remain.

Intel's new CEO has initiated structural changes to enhance the company's operations and regain market competitiveness.

TikTok is restructuring its US e-commerce operations under Chinese leadership, pulling US head Nico Le Bourgeois under former Douyin executive Mu Qing.

Intel will cut 20% of its workforce to streamline operations and focus on engineering.

The layoffs reflect a restructuring under new CEO Lip-Bu Tan amid declining revenue.

Intel is restructuring to adapt to an AI-driven market.

Intel is preparing to lay off over 20% of its employees to streamline operations and refocus on engineering.

Intel's Q4 2024 results show significant improvement, despite ongoing challenges and substantial previous losses.

Pat Gelsinger's departure from Intel is viewed as a forced retirement driven by board dissatisfaction with restructuring plans.

SAP has seen 3,000 employees leave due to restructuring and is adapting to global economic uncertainties caused by US tariffs.

Spirit Airlines has exited Chapter 11 bankruptcy with reduced debt and enhanced financial flexibility, choosing its own recovery over takeover bids.

Northvolt files for Chapter 11 bankruptcy, aiming to restructure and sustain operations amid significant debt.

Plenty files for bankruptcy while securing $20.7 million to restructure and continue operations.

Spirit Airlines is entering Chapter 11 bankruptcy to restructure its debt and seek new investments, promising to continue normal operations during the process.

Northvolt is restructuring its business and debt through Chapter 11 bankruptcy, with significant support from shareholders.

Hooters files for Chapter 11 bankruptcy to resolve debts and restructure business.

The Department of Health and Human Services is undergoing significant layoffs as part of a major restructuring plan.

Workday is laying off 1,750 employees, or 8.5% of its workforce, to focus on growth and AI investments.

Block is laying off around 1,000 employees to streamline operations and improve performance.

QVC Group is laying off 900 employees to focus on social media and streaming strategies.

QVC Group is laying off 900 employees to consolidate and focus on social media and streaming initiatives.

Hudson's Bay Company faces a potential liquidation or restructuring, with critical decisions expected by the end of the week.

An Ontario judge rejected Hudson's Bay Company's restructuring agreement, risking lender-driven receivership.

FHFA is restructuring and planning to lay off about 10% of its workforce due to office eliminations.

Ebusco plans to reduce its workforce by 16.5% as part of a restructuring effort to improve financial performance.

Deloitte is cutting roles in its advisory division due to declining demand for consultancy services.

Ebusco is restructuring to enhance operations and transition to an Original Equipment Designer model.

Ebusco is undergoing significant restructuring under CEO Christian Schreyer to address liquidity challenges and operational inefficiencies, focusing on transforming company performance.

GM halts funding for Cruise, leading to uncertainty in job security among employees amid restructuring plans.

Cruise's technology will transition into GM, focusing on personal vehicle development.

GM is refocusing its autonomous driving development towards personal vehicles, impacting Cruise's operational future and raising job security concerns among employees.