#restructuring

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Theregister
6 hours ago
Data science

Stability AI decimates staff just weeks after CEO leaves

Stability AI is restructuring after CEO departure, leading to layoffs to improve sustainability and focus on operations. [ more ]
profitability
Investing.com Australia
1 day ago
Marketing

Earnings call: Xcel Brands outlines strategy for return to profitability By Investing.com

Xcel Brands completed restructuring from wholesale to licensing model.
CEO projects return to profitability in 2024.
Focus on brand launches and ORME app.
Financial stability secured through credit facility and stock offering. [ more ]
www.gamespot.com
2 weeks ago
Video games

Embracer Group Doesn't Plan To Buy New Studios Yet Following Mass Layoffs

Embracer Group's restructuring period is over, focusing on profitability and not acquiring new studios at the moment.
The company is prioritizing making better products and games using its current assets, IPS, and studios for increased profitability. [ more ]
AdExchanger
1 year ago
Marketing tech

Warner Bros. Discovery Favors Discovery In Its Ongoing Streaming Restructure | AdExchanger

Warner Bros. and Discovery insist their marriage is working.Although they've had to go through a little, shall we say, counseling."It was a heavy lift bringing [these] two teams together," David Zaslav, CEO of Warner Bros. Discovery (previously CEO of Discovery), told investors during the merged company's earnings conference on Thursday.
AdExchanger
1 year ago
Marketing tech

The TV Industry Flounders Under Economic Pressure And Fiery Competition | AdExchanger

It ain't easy being a broadcaster these days.TV budgets are often the first to get cut during economic downturns, the streaming wars are raging, and the axe of supply-path optimization is hovering.I saw the pressure come to a boiling point last month when I tuned in to more tech and data showcases and year-end earnings calls than I care to count.
moreprofitability
Video games
GameSpot
1 week ago
Video games

Netflix Announces Layoffs And Restructuring

Netflix is undergoing a major restructure with layoffs in its film division.
The movie division at Netflix is being organized by genre with designated leaders for each category. [ more ]
Kotaku
3 weeks ago
Video games

Big Shakeup At Nintendo Testing Center Ahead Of Switch 2

Contractor downsizing and full-time positions creation at Nintendo of America.
Nintendo restructuring for global integration and alignment with testing procedures. [ more ]
Kotaku
1 month ago
Video games

Star Wars: KOTOR Remake Developer Escapes Embracer's Clutches

Saber Interactive sold by Embracer Group for $500 million
Saber will keep certain studios while Embracer retains ownership of others [ more ]
VG247
2 months ago
Video games

Former Call of Duty boss is now in charge of Blizzard, and she knows what she's walking into

Johanna Faries has been appointed as the head of Blizzard Entertainment, after previously working as the chief of the Call of Duty franchise at Activision.
Faries is the first Blizzard boss appointed after Microsoft's acquisition of Activision Blizzard. [ more ]
moreVideo games
gaming-industry
ReadWrite
1 week ago
DevOps

Relic Entertainment laying off employees a week after being sold by Sega

Relic Entertainment faces job cuts despite becoming independent.
Challenges in the gaming industry lead to restructuring and layoffs. [ more ]
VG247
1 month ago
Video games

EA lays off 5% of staff, cancels Star Wars FPS

EA announced layoffs, studio closure, game cancellations, and shift away from certain licensed IPs.
EA aims to provide support and opportunities for impacted employees during the restructuring. [ more ]
WGB
1 month ago
Video games

Embracer is reportedly going to sell Saber Interactive to "private investors"

Embracer Group is selling off Saber Interactive as part of restructuring.
Saber Interactive will be sold for $500m with private investors involved. [ more ]
GameSpot
1 month ago
Video games

EA Laying Off Around 670 People, "Sunsetting" Unspecified Games

EA to lay off 5% of staff and sunset certain games
Corporate restructuring to focus on owned IP, sports, and online communities [ more ]
GameSpot
2 months ago
Video games

Embracer Canceled 29 Games And Laid Off 1,400 People In Just The Last Six Month

Embracer Group cancelled 29 unannounced games and laid off nearly 1,400 people in the past six months.
The number of gaming projects reduced from 153 to 124, with 8% global headcount reduction and decrease in internal and external studios. [ more ]
moregaming-industry
TechCrunch
3 weeks ago
Startup companies

Synctera is the latest banking-as-a-service startup to lay off staff | TechCrunch

Synctera, a BaaS startup, underwent a restructuring resulting in a 15% reduction in staff.
Investors in Synctera include National Bank of Canada, Lightspeed Venture Partners, and others. [ more ]
TechCrunch
2 months ago
Startup companies

Instacart lays off 250 employees, or 7% of its workforce, to 'reshape' company | TechCrunch

Instacart is laying off around 250 employees, or 7% of its workforce, as part of a restructuring.
Three executives, including the CTO and COO, are also leaving the company for personal reasons. [ more ]
Adweek
2 months ago
Startup companies

TechCrunch Is Shuttering Its Subscription Product and Laying Off Staff

TechCrunch laid off eight staff members as part of a larger restructuring
The publisher plans to wind down its paid subscription product, TC+ [ more ]
TechCrunch
11 months ago
Startup companies

Clubhouse needs to fix things, and today it cut more than half of staff

Clubhouse, a once skyrocketing social audio app built by Paul Davison and Rohan Seth, has laid off more than half of its staff.The startup's co-founders made the decision in response to customer habits changing in a post-COVID world and remote work complexities, according to a blog post.Those who were impacted will receive severance and continued healthcare coverage for the next few months.
Entrepreneur
4 weeks ago
Marketing

Unilever to Cut 7,500 Jobs, Spin Off Ice Cream Business | Entrepreneur

Unilever is separating its ice cream brands, potentially cutting 6% of its workforce.
Ice cream division was the lowest performing, prompting restructuring for greater impact. [ more ]
TipRanks Financial
1 month ago
Marketing

Criteo SA Announces New Segment Reporting Structure - TipRanks.com

Criteo SA is restructuring into Retail Media and Performance Media divisions.
The update aims to provide investors with a clearer view of the company's operations. [ more ]
Digiday
2 months ago
Marketing

Meet the People breaks out a standalone media agency, Swell Media

Meet the People, a collective of agencies, is spinning out its media agency, Swell Media, to be a standalone full-funnel shop.
The move is part of the trend of soft rebundling in the independent agency landscape. [ more ]
Los Angeles Times
2 months ago
Marketing

Snap shares see biggest drop in a year after holiday sales disappoint

Snap Inc. reported lower-than-projected revenue over the holiday season, disappointing investors. Its revenue rose 5% in Q4 but was flat for the full year.
Snap is undergoing a broad restructuring, including job cuts and ending non-revenue-generating projects. It projected a loss in adjusted earnings for the current period, larger than expected. [ more ]
The Verge
4 months ago
Marketing

Mass layoffs reportedly hit Marvel Snap publisher Nuverse

ByteDance is planning to wind down its Nuverse gaming brand and exit the mainstream video game industry.
The decision is expected to impact hundreds of employees and ByteDance has no current plans to return to the global video games market. [ more ]
WSJ
4 months ago
Marketing

LG Electronics Unveils Restructuring to Boost Global Competitiveness

LG Electronics is setting up a new sales and marketing entity to oversee its international business.
The new entity will manage sales subsidiaries in North America, Europe, the Middle East and Africa, Latin America, and Asia.
This move is part of LG's restructuring efforts to improve competitiveness and growth. [ more ]
Above the Law
1 month ago
Law

Second Set Of Layoffs Strike Am Law 100 Biglaw Firm

Biglaw firm Bryan Cave Leighton Paisner is conducting a second round of layoffs, cutting almost 50 jobs in the U.S. and U.K.
The layoffs are part of a targeted restructuring aimed at managing costs, focusing on growth opportunities, and adapting to practice demand. [ more ]
Above the Law
2 months ago
Law

Kramer Levin's New Bankruptcy & Restructuring Co-Chair Shares Her Thoughts On How Women Lawyers Can Excel In Practice

Women now make up the majority of U.S. law firm associates
Women lawyers are being promoted to leadership positions within their firms [ more ]
Above the Law
2 months ago
Law

Associates Unceremoniously Fired After Following Orders - See Also

Law firm Reed Smith laid off employees despite their hard work.
Duane Morris issued an apology after mistakenly displaying a lynching portrait. [ more ]
49ers Webzone
1 month ago
San Francisco 49ers

49ers restructure Javon Hargrave's contract, creating more cap space

The San Francisco 49ers restructured contracts of Javon Hargrave and George Kittle for cap savings.
Javon Hargrave's base salary reduced to $1.125 million, creating about $6.14 million in savings. [ more ]
www.cbc.ca
1 month ago
Canada news

2024 Just for Laughs comedy festival cancelled, company seeks creditor protection | CBC News

Just for Laughs 2024 edition cancelled due to financial issues and restructuring plans.
Ticket holders can get refunds through the venue or credit card company. [ more ]
www.cbc.ca
2 months ago
Canada news

Canada Post is selling pieces of itself to save money the experts say that won't be enough | CBC News

Canada Post is selling off its IT and logistics departments to save the struggling Crown corporation.
Experts say that selling off parts of Canada Post won't be enough to save it, and the company needs to move into e-commerce. [ more ]
www.cbc.ca
4 months ago
Canada news

Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans | CBC News

The Bank of Nova Scotia's profit slumped in the fourth quarter due to a doubling in the amount of money set aside for potential loan write-offs.
Expenses rose by 22% and provisions for bad loans more than doubled from the same time last year.
The bank attributed its increased costs to personnel, technology, compensation, taxes, and advertising. [ more ]
www.cbc.ca
1 year ago
Canada news

Bed Bath & Beyond's Canadian operations are going out of business | CBC News

Bed Bath & Beyond's Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a U.S. bankruptcy.The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the website of consultancy Alvarez & Marsal showed.
www.cbc.ca
1 year ago
Canada news

WestJet in the west, Air Canada in the east: Why Canada's airlines are becoming more regional | CBC News

The two dominant national airlines are increasingly focusing less on offering nationwide service and more on their regional strengths as they try to improve their financial performance and also fend off soaring competition.Those pressures are why experts say WestJet is focusing heavily on Alberta, while Air Canada is prioritizing markets in the east, such as Toronto, Montreal and Ottawa.
www.cbc.ca
1 year ago
Canada news

Spotify to lay off 6% of all staff as tech sector retrenchment continues | CBC News

Music streaming service Spotify said Monday it's cutting six per cent of its global workforce, becoming yet another tech company resorting to layoffs as the post-pandemic economic outlook weakens.CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.As part of the revamp involving a management reshuffle, "and to bring our costs more in line, we've made the difficult but necessary decision to reduce our number of employees," Ek wrote.
London Business News | Londonlovesbusiness.com
1 month ago
Business intelligence

Body Shop to close dozens more stores with hundreds more jobs lost

The Body Shop plans to close 75 stores in the next six weeks, resulting in the loss of 489 jobs.
Administrators are focusing on restructuring to stabilize the business and ensure a long-term sustainable future for the iconic brand. [ more ]
Toronto
5 months ago
Business intelligence

Bad Boy Furniture aiming to restructure business as it faces 'challenging' economy

Bad Boy Furniture Warehouse Ltd. is filing for bankruptcy and restructuring its business due to challenging economic conditions.
High interest rates, falling home sales, and a tight retail climate are impacting the company.
The company is considering a liquidation sale to wind down inefficient portions of its business. [ more ]
Steelers Depot
1 month ago
Pittsburgh Steelers

Report: Steelers Hire Multiple Strength And Conditioning Coaches Including Western PA Native Phil Matusz

The Pittsburgh Steelers have made coaching staff additions including Phil Matusz, Justus Galac, and Roderick Moore.
Former QB coach Mike Sullivan now serves as a senior offensive assistant for the Steelers. [ more ]
www.newsshopper.co.uk
1 month ago
London

The Body Shop to shut 4 London stores today - is your local outlet affected?

The Body Shop is closing seven of its stores, including four in London, due to falling into administration.
Around 270 head office jobs will be cut, leaving 400 workers at the London headquarters, and around 1,500 workers across UK shops may face redundancy. [ more ]
www.theguardian.com
2 months ago
London

Channel 4 says it is to sell London HQ as it confirms job cuts

Channel 4 is selling its London headquarters and will be looking for smaller premises in central London.
Channel 4 plans to reduce staff numbers by 240, with a focus on employing more staff outside of London. [ more ]
Digital Nation
2 months ago
Artificial intelligence

SAP to restructure 8,000 roles in push towards AI

German software firm SAP SE unveils a €2 billion restructuring plan that includes cutting 8,000 roles.
SAP plans to invest over $1 billion in generative AI to drive growth in AI-driven business areas. [ more ]
Entrepreneur
3 months ago
Artificial intelligence

Google pivots: Unpacking the recent round of layoffs | Entrepreneur

Google is undergoing a significant restructuring to integrate advanced AI technology into its core operations.
The company has announced a new round of layoffs, particularly affecting divisions related to AI development and Google Assistant. [ more ]
www.independent.co.uk
1 month ago
London

The Body Shop confirms over 100 stores will shut here's the ones closing today

The Body Shop is closing nearly half of its UK branches following financial challenges and administration.
The closure of branches and job cuts are part of a restructuring to create a more financially stable UK business. [ more ]
www.standard.co.uk
1 year ago
London

Met police boss told to think again' over refusal to call force racist in wake of scathing report

S ir Mark Rowley was urged to think again about his refusal to use the term institutional racism to describe the bigotry in the Met as the author of the most damning report in the force's history warned that it rings hollow to say that he does not like the words.Louise Casey said she had the highest regard for the Commissioner as a man of utter decency and integrity and believed that he and his deputy, Dame Lynne Owens, were the best people to take on the huge challenge of overhauling the Met.
www.theguardian.com
1 year ago
London

Conde Nast to leave Vogue House after six decades

Supermodels, celebrities and even royalty have swept though its revolving doors, but after six decades, Conde Nast, the publisher of Vogue, is moving out of its historic London offices on Hanover Square.In an email on Wednesday, staff were told they would be relocating to the Adelphi building in Embankment, potentially by January 2024.
Artificial intelligence
MobileAppAaily
1 month ago
Artificial intelligence

Meta CEO Reveals AI did Not lead Recent Tech Layoffs

AI development leads to mass layoffs in tech companies
Leaner structures and restructuring lead to job cuts [ more ]
Storyboard18
2 months ago
Artificial intelligence

WPP's AI-focused strategy and cost-cutting measures unveiled

WPP is restructuring its agencies into six networks, aiming to save £125 million by 2025.
WPP plans to invest £250 million per year in AI technology, viewing it as an opportunity rather than a threat. [ more ]
WIRED
2 months ago
Artificial intelligence

Google Splits Up Its Responsible AI Team

Google's internal AI ethics watchdog, known as RESIN, has lost its leader and is being restructured.
The team's role was to review internal projects for compatibility with Google's AI principles and ensure responsible development and use of AI technology. [ more ]
The Times of India
4 months ago
Artificial intelligence

Meta disbands its Responsible AI group, here's why - Times of India

Meta has disbanded its Responsible AI (RAI) division, with team members being reassigned to other departments.
The disbandment comes after a previous restructuring process and layoffs within the RAI team.
Despite the restructuring, Meta claims it will continue to prioritize and invest in the responsible development of AI. [ more ]
RT @SpirosMargaris: Meta disbanded

its #ResponsibleAI team

https://t.co/yDz5zTlTxy #fintech #AI #ArtificialIntelligence #MachineLearnin…
The Verge
5 months ago
Artificial intelligence

Meta disbanded its Responsible AI team

Meta has reportedly disbanded its Responsible AI (RAI) team and is focusing more on generative AI.
Most RAI team members will be moved to the generative AI product team or Meta's AI infrastructure.
The RAI team previously faced restructuring and had little autonomy. [ more ]
The Verge
5 months ago
Artificial intelligence

Meta disbanded its Responsible AI team

Meta has reportedly disbanded its Responsible AI (RAI) team and is focusing more on generative AI.
Most RAI team members will be moved to the generative AI product team or Meta's AI infrastructure.
The RAI team previously faced restructuring and had little autonomy. [ more ]
moreArtificial intelligence
Dodgers Nation
2 months ago
LA Dodgers

Dodgers, James Paxton Restructure Contract Due to Health Concern

The Los Angeles Dodgers have restructured James Paxton's contract due to a health issue.
The guaranteed amount was reduced from $11 million to $7 million, but the total contract value could still reach $13 million with incentives. [ more ]
Entrepreneur
2 months ago
Career

Read Wayfair CEO Niraj Shah's Email to Staff About Layoffs | Entrepreneur

Wayfair is cutting 13% of its global workforce, amounting to around 1,650 workers.
CEO Niraj Shah says the layoffs are necessary for Wayfair to have a "clean organizational model" for long-term success. [ more ]
Tech industry
www.nytimes.com
3 months ago
Tech industry

Unity Software to Cut 25 Percent of Its Work Force

Unity Software will cut its workforce by 25% in an effort to restructure and refocus on its core business.
The cuts reflect the challenges faced by the tech industry, which experienced layoffs and overhiring due to the pandemic. [ more ]
New York Post
4 months ago
Tech industry

'Devastating' Google court loss to Epic Games could spark Big Tech restructuring: antitrust critic

Google's loss against Epic Games in an antitrust case could lead to significant restructuring of Big Tech firms.
The jury's decision sets a new court precedent that will likely impact future antitrust battles involving Google. [ more ]
www.npr.org
1 year ago
Tech industry

Bed Bath & Beyond warns that it may go bankrupt

Bed Bath & Beyond warns that it's exploring all options, including filing for bankruptcy protection.Paul Sakuma/AP The home-goods giant Bed Bath & Beyond says it's running out of money and may need to file for bankruptcy protection or worse.Its stores have seen fewer shoppers and declining sales as the retailer has struggled to find its footing in recent years through a series of poorly timed or otherwise lackluster turnaround strategies.
moreTech industry
Coindesk
4 months ago
Business

Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg

Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network. [ more ]
Harvard Business Review
11 months ago
Business

Face-to-Face Time with Your Employees Still Matters

Tell a group of employees you want more face time and prepare for sighs and eye rolls.Many see face time as a necessary evil because it can feel like time wasted, where they have to show up and be seen for political reasons, not to get meaningful work done in the most expeditious way.Research reinforces what we know intuitively: Being seen connotes positive traits like commitment, even if we're just sitting there.
Washington Post
1 year ago
Business

Bad news for thousands of crytpo investors: they don't own their accounts

Former Celsius Network chief executive Alex Mashinsky on January 5, 2021.On Thursday the New York Attorney General brought a suit against him.Reuters TV via REUTERS/File Photo (Reuters Tv/Reuters)More than half a million people who deposited money with collapsed crypto lender Celsius Network have been dealt a major blow to their hopes of recovering their funds, with the judge in the company's bankruptcy case ruling that the money belongs to Celsius and not to the depositors.
Washington Post
1 year ago
Business

Analysis | Why China Evergrande Defaulted and What Happens Next for Bondholders

One of China's largest-ever debt restructurings is starting to take shape.China Evergrande Group was declared to be in default in late 2021, the highest-profile casualty of a broader crisis in the country's property industry.The government is now overseeing the rescue, quelling fears of a disorderly collapse that could jolt the world economy.
Digiday
5 months ago
Media industry

Two execs are out at Betches Media after LBG Media acquisition

Former execs no longer employed with Betches Media after the acquisition by LBG Media.
Termination of one exec due to performance issues. [ more ]
AdExchanger
10 months ago
Marketing tech

Microsoft Is Deprioritizing Third-Party Ad Tech Amid Reorgs And Layoffs | AdExchanger

Microsoft's purchase of Xandr from AT&T in late 2021 might have looked like an embrace of third-party ad tech.But while parts of the Xandr tech are considered valuable by Microsoft, the future of Xandr as an SSP integrated with thousands of outside publishers is in doubt.Since completing the acquisition in June of last year, Microsoft Advertising has shifted its focus to first-party products and integrations to win and secure key accounts, such as Netflix, according to multiple sources with direct knowledge of recent changes within the group.
AdExchanger
11 months ago
Marketing tech

AppLovin's Software Revenue Is Growing After App Studio Reorg

Historically, AppLovin made most of its revenue from its portfolio of apps.Now the company appears to be nearly finished with the bloodletting necessary to transform itself into a primarily software-focused business.In Q1, AppLovin's total revenue was $755 million, a near even split between apps (at roughly $360 million) and software (at $355 million).
Los Angeles Times
10 months ago
California

LAist to cut 21 positions, citing revenue shortfall

(Mel Melcon / Los Angeles Times)

Southern California Public Radio, which runs local station LAist (formerly known as KPCC), said Tuesday that it would cut staff by more than 10% due to a revenue shortfall.In a note to employees, President and Chief Executive Herb Scannell announced the elimination of 21 positions as part of a restructuring.
www.nytimes.com
10 months ago
Tech industry

Spotify to Lay Off 200 Employees in Podcast Strategy Shift

Spotify, the audio streaming platform, said on Monday that it planned to lay off about 200 people, including workers at the popular podcast studios Gimlet Media and Parcast.The 2 percent cut to the company's work force is part of a strategic realignment of the podcast division, Sahar Elhabashi, the head of podcasts at Spotify, said in a memo to Spotify employees on Monday.
IndieWire
1 year ago
Independent films

Why Can't You Get Disney+ with Ads on Roku?

Ad-supported Disney+ is the only tier of any major streaming service not currently available on Roku, the No. 1 device-maker in the U.S.

Why isn't Disney+ with ads on Roku yet?It's a match made in streaming heaven: Roku is the No. 1 streaming portal in the U.S. with 40 percent market share, according to a Q3 Parks Associates survey.
www.theguardian.com
1 year ago
Europe news

Putin should be under no illusion Xi is not Russia's knight in shining armour | Olga Chyzh

The three-day visit of Xi Jinping to Russia was packed with action: a crepe and quail meal, photo ops and ceremonial signings.Pomp and circumstance aside, Xi's visit to Russia did not live up to Putin's hopes and expectations.As it turns out, the obvious similarities between the two leaders their autocratic hold on power and their tenuous relationship with the west do not directly translate into common interests and goals.
New Relic
1 year ago
DevOps

Switching to New Relic from Sumo Logic

You may have seen the recent news about the acquisition of Sumo Logic by Francisco Partners.Private equity acquisitions like this can lead to uncertainty and questions, especially around two essential customer observability needs:



Unified capabilities, data, and teams: Unifying tools and data requires continued investment.
HousingWire
1 year ago
Real estate

Clear Capital cuts 24% of its workforce in restructuring

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan.The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market.
amNewYork
1 year ago
NYC politics

'We have much to do': Mayor Adams defends administration's record on public safety | amNewYork

Mayor Eric Adams, flanked by members of his team at City Hall on Wednesday, defended his administration's work on public safety since taking office in January."We have much to do," Adams said at a press conference at the City Hall rotunda."There are difficult roads ahead to make sure all New Yorkers are safe, but I'm proud of what we have done."
Pinstripe Alley
10 months ago
New York Yankees

On the future of broadcast rights distribution

Earlier this week, United States Bankruptcy Judge Christopher M. Lopez ruled that Diamond Sports Group (DSG) - a subsidiary of Sinclair Broadcast Group and operator of the Bally Sports network of regional sports networks (RSNs) - is required to pay the full value of their TV contracts with the Rangers, Twins, Guardians, and Diamondbacks.
www.independent.co.uk
11 months ago
UK news

BBC Northern Ireland journalists take to picket lines as council votes counted

BBC Northern Ireland journalists are on the picket lines as votes are counted across the region following the local government elections.The 24-hour strike saw several flagship programmes including BBC Radio Ulster's Good Morning Ulster and The Nolan Show go off air as more than 200 journalists took part in the walkout.
www.independent.co.uk
1 year ago
UK news

Northern Ireland police chief warns service will shrink due to funding shortfall

Northern Ireland's chief constable has warned that his force will shrink to its lowest levels since the PSNI was founded because of a funding shortfall.Simon Byrne said there will be fewer officers, fewer vehicles, postponed building maintenance and a potential delayed response to calls.Briefing his officers and staff on Thursday, Mr Byrne said the Police Service of Northern Ireland will have a funding shortfall of 80 million by March, with larger shortfalls to come in the years ahead.
www.independent.co.uk
1 year ago
UK news

Government needs proper pay strategy to end healthcare strikes, says ex-NHS CEO

A former NHS England chief executive has said that the Government needs a proper pay strategy to end its dispute with striking healthcare workers.Sir David Nicholson told Tonight with Andrew Marr on LBC on Wednesday that he had never seen the pressure the NHS has on it at the moment.I chair two hospitals, and I was reflecting earlier that I started in 1978 in the NHS, and I've never seen the pressure that we have on the system that we have at the moment, he said.
GSMArena.com
11 months ago
Mobile UX

Motorola Edge 40 review

Introduction
The Motorola Edge lineup has seen some restructuring this year, with the Pro punching slightly above last year's model and aspiring for some Ultra-ness.The vanilla Edge 40 joins it on this upward trend in some ways, possibly making it more difficult for a 30 Fusion successor to find a spot in the ranks in the Fall, though it's not all upgrades.
GSMArena.com
1 year ago
Mobile UX

Alibaba to restructure as six separate companies

Alibaba Group is planning to split into six units, the company told Reuters.The different entities will seek fundraisings and market listings as China eases its crackdown on private enterprises.The big restructuring will see the company split into six organizations - Cloud Intelligence Group (cloud solutions), Taobao Tmall Commerce Group (local online commerce services), Local Services Group (delivery services), Cainiao Smart Logistics Group (logistics), Global Digital Commerce Group (AliExpress) and Digital Media and Entertainment Group (gaming, motion pictures and web services).
AdExchanger
11 months ago
Marketing tech

AI Is Nigh For Google Search; Streamlining Streaming Sales | AdExchanger

Here's today's AdExchanger.comnews round-up... Want it by email?Sign up Prompt And Search-umstance here.Google is ramping up its AI capabilities for its flagship search product, The Drum reports.During its Google I/O developer conference on Wednesday, the company announced it's launching Search Labs, an experimental program aimed at expanding AI search functionality.
www.theguardian.com
11 months ago
Media industry

Vice Media reportedly headed for bankruptcy

Vice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday, citing people with knowledge of its operations.The report comes days after Vice shuttered its Vice News Tonight program, and amid waves of media layoffs and closures, including the end of BuzzFeed News.
www.aljazeera.com
11 months ago
Media industry

Vice Media cancels flagship show, announces painful' layoffs

Announcement comes after BuzzFeed last week said it was closing its news division.Vice Media has announced painful cuts including the cancellation of its flagship news show in the latest round of cutbacks to hit the struggling news business.The youth-focused media group said on Thursday it will cancel popular TV program Vice News Tonight as part of a restructuring that will result in layoffs.
Press Gazette
1 year ago
Media industry

At least 1,000 jobs cut in English-language news media in January

Metro newspapers at Farringdon station.Picture: Press Gazette
At least 995 jobs at English-speaking news media businesses have been cut or put at risk in January 2023.The job losses accelerate a trend that began in the second half of 2022, when media companies cut more than 1,000 editorial roles across four months.
Riggo's Rag
11 months ago
Washington Redskins

Commanders News: Emmanuel Forbes, Carson Wentz, OL coach and Day 2

Which Washington Commanders' news stories are making the headlines with just one day remaining of the 2023 NFL Draft?After a long two days so far, the Washington Commanders are gearing up for the last leg of selecting prospects from the college ranks during the 2023 NFL Draft.This will be followed by undrafted free agency, which is another chance for Ron Rivera to strengthen his options with almost no remaining salary-cap space at the team's disposal.
Musket Fire
11 months ago
New England Patriots

5 reasons Christian Gonzalez is a great fit for the Patriots

There was a lot of pressure on the Patriots to nail their first-round pick this year, and it appears they may have walked away with the steal of the night.Because they had a prime position at pick 14, they had numerous prospects to choose from compared to years past.Most assumed they would go with one of their top three neediest positions; cornerback, offensive tackle, or wide receiver, and all the stars were aligned as they were initially put on the clock.
Futurism
11 months ago
Artificial intelligence

Facebook Execs Panicking as They Try to Catch Up in AI Race

Scrambling
The Silicon Valley AI race is on - and according to a new report from Reuters, Facebook-formerly-Meta's AI pivot has been even more chaotic than initially thought.And that's saying a lot, because from the outside, Meta's most recent pivot away from VR and the metaverse looks like a disaster.
HousingWire
1 year ago
Real estate

Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits

The current bank crisis hit California-based Pacific Western Bank, a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans.Following the collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank over the last few weeks, deposits at the financial institution had dropped to $27 billion as of March 20, a decline of 20% compared to the end of December.
Los Angeles Times
1 year ago
Los Angeles Rams

Sinclair's regional sports unit files for Chapter 11 bankruptcy

Sinclair Broadcast Group's big bet on regional professional sports veered into Bankruptcy Court on Tuesday as the company's unit that broadcasts local games filed for Chapter 11 protection.The company is seeking to restructure the more than $8 billion in debt it incurred from its 2019 purchase of regional cable channels.
ESPN.com
1 year ago
Dallas Cowboys

Cowboys rework Dak, Martin deals, free up $30M

1:16 PM ET



Todd ArcherESPN Staff Writer

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Covered NFL since 1997, Cowboys since 2003
Previously covered Bengals and Dolphins
Lives in Dallas area with his wife and two children




FRISCO, Texas - Needing to get under the salary cap by next week, the Dallas Cowboys created about $30 million in room on Friday by restructuring the contracts of quarterback Dak Prescott and right guard Zack Martin.
ESPN.com
1 year ago
FC Barcelona

FMF president De Luisa won't run for re-election

Mexican Football Federation president Yon de Luisa won't seek re-election for his position, the FMF announced on Wednesday.De Luisa, who was hired in 2018, will serve out his term through May at which point Liga MX club owners will meet to elect a new president.- Stream on ESPN+: LaLiga, Bundesliga, more (U.S.) "Today, the president of the Mexican Football Federation, Yon de Luisa, informed all members of the Owners' Assembly of his decision to not run for re-election as president of the FMF for the four-year period of 2023-2026, so that whoever takes this position adjusts to the new vision and objectives of the FMF," read a statement from the Mexican federation.
ESPN.com
1 year ago
Chelsea

Split verdict for ex-Fox execs in FIFA bribery case

A former Fox executive was convicted Thursday of paying tens of millions of dollars in bribes to nab broadcasting rights to the World Cup and other top soccer matches.A second ex-executive was acquitted.A Brooklyn federal jury deliberated four days before returning the verdicts.Hernan Lopez, the former CEO of Fox International Channels, was convicted.
www.mercurynews.com
1 year ago
San Francisco

Hundreds more tech, life science layoffs jolt East Bay, San Francisco

BERKELEY Hundreds more layoffs affecting tech and life science jobs in the Bay Area have been disclosed by companies in what has morphed into a steady drumbeat of local staffing reductions.Affirm, Zendesk, Bayer U.S. and two subsidiaries of Johnson & Johnson have revealed reductions that are affecting well over 300 jobs in the Bay Area, according to several WARN notices that have been filed with the state Employment Development Department (EDD).
Totally agree.
www.cnn.com
1 year ago
US news

Regal Cinemas owner Cineworld says shareholders will be wiped out

Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected shareholders to be wiped out entirely, meaning they should not expect to recover any funds from a restructuring or sale of the business.
...
Cineworld said it had also received a number of non-binding proposals to buy some or all of its business, but none of them involved an all-cash bid for the entire company.
www.cnn.com
1 year ago
US news

Regal Cinemas owner Cineworld says shareholders will be wiped out

Regal Cinemas owner Cineworld, which filed for Chapter 11 bankruptcy protection last year, said Friday that it expected shareholders to be wiped out entirely, meaning they should not expect to recover any funds from a restructuring or sale of the business.The world's second-largest movie theater chain hit hard by the pandemic, like many cinema operators has been in talks with its key stakeholders to develop a plan of reorganization that would allow it to emerge from bankruptcy, it said in a statement.
www.nytimes.com
1 year ago
Sports

A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive

Diamond Sports Group, which owns and operates 19 regional sports networks that televise about a third of all M.L.B., N.B.A. and N.H.L. games, said on Wednesday that it would not make a $140 million interest payment on its nearly $9 billion of debt, setting the stage for a possible bankruptcy filing next month and building pressure for the leagues and others amid a sea change in how fans watch sports throughout the United States.
FanSided
1 year ago
National Football League

Ezekiel Elliott's response to 'overpaid' label is hard to argue with

Ezekiel Elliott is taking accountability for his performance in an effort to stick with the Dallas Cowboys.A glaring reason the Dallas Cowboys lost to the San Francisco 49ers in the Divisional Round of the NFL Playoffs is that Tony Pollard went out with an injury.The Cowboys rushed for just 76 yards in that game, Ezekiel Elliott's 2.6 yards per carry a far cry from Pollard's seasonal 5.2 average.
www.nytimes.com
1 year ago
World politics

France to Pull Troops Out of Burkina Faso, as Its Unpopularity in Africa Grows

French troops in Burkina Faso will leave the West African country within a month, officials in France said on Wednesday afternoon, in the latest deterioration of relations between France and a onetime African ally.Anne-Claire Legendre, the spokeswoman for the French foreign ministry, said France had been notified by Burkina Faso's government on Tuesday that it was withdrawing from a military accord struck in 2018, and that therefore France had a month to leave the country.
Design Milk
1 year ago
Design

An Old French Barn Becomes Modern Home for Extended Family

Tasked with renovating an old barn in Igornay, France, the Faure & Miniau Agency recently completed the Les Greniers de Babel house after two years of work.The clients had a desire to transform the barn to accommodate their family when they come visit on vacation.The project consisted of restructuring and repairing the framework; removing floors, floorboards, and interior walls; and installing windows on the front wall.
ProFootballTalk
1 year ago
New York Giants

Past comments notwithstanding, Derek Carr won't be retiring - ProFootballTalk

Many have rolled their eyes whenever quarterback Derek Carr has said he intends to play for the Raiders for the entirety of his career, and that if the Raiders ever move on from Carr, Carr will move on from football.The eye rolling was justified.Now that the Raiders plan to move on from Carr, Carr does not intend to quit playing.
www.aljazeera.com
1 year ago
Europe news

Ukraine's Zelenskyy visits front-line city of Bakhmut

President meets troops facing down Russia's offensive as Putin warns of difficulties in partly-occupied regions.Ukraine's President Volodymyr Zelenskyy has made an unannounced visit to Bakhmut, an embattled city in the country's east that has been under relentless Russian attacks for several months.
Bavarian Football Works
1 year ago
Bayern Munich

Herbert Hainer stresses Oliver Kahn's importance to the DFL

Donata Hopfen has officially stepped down from her role as CEO of the DFL, a position that she had taken over from Christian Seifert as of January 1st, 2022.She was the first woman in a top position in the German football governing body, but her tenure comes to an end well short of her contract, which was set to run through 2024.
Medium
1 year ago
UX design

DesignOps through a permaculture lens

DesignOps to design orgs is like what permaculture is to gardens.Here are three takeaways from permaculture design to challenge the way you do DesignOps.Analogies are powerful ways to innovate, so by utilising permaculture techniques for building design orgs, we can hopefully try something new and increase our chances of success.
www.nytimes.com
1 year ago
Television

Layoffs Hit CNN as Cost-Cutting Pressure Mounts

CNN on Wednesday began a long-awaited series of job-cuts, as the network's parent company looks to reduce spending amid pressure from investors.In a memo to employees, the network's chairman Chris Licht said that some people, primarily paid contributors, would be notified of the cuts on Wednesday.Others will be notified on Thursday, Mr. Licht wrote, with additional details to follow that day.
Digiday
1 year ago
Marketing

Despite Snapchat's efforts, creators still don't see it as a priority

Snapchat has never been a top priority for creators and it doesn't look like that will change anytime soon.The mobile messaging app doesn't seem to be doing enough to win them over - even though it arguably needs the increased attention creators attract and the dollars that subsequently follow.In fairness, Snapchat has tried to curry favor with some creators, but maybe not enough to become a top destination for them.
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