#restructuring

#restructuring

Allison Greene, the chief executive of Peace Corps, stated that significant restructuring efforts are expected following the Department of Government Efficiency's assessment of the agency.

We have a portfolio that is very large, lots of loans, tens of thousands of loans, pretty complicated deal. They're all set for it. They're waiting for it. The Trump administration asserts this will support their economic agenda despite staffing cuts and potential chaos in handling student loans.

Some roles protected by statute will be relocated, following eliminations in key offices, leading to about 10% of FHFA's workforce facing layoffs.

The sale of the business unit follows divestments to Norsk Hydro and Volvo Cars as the group seeks to offload projects and divisions to cut costs and focus on its battery plant in northern Sweden.

"The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company's announcements channel along with a link to a press release entitled 'GM to refocus autonomous driving development on personal vehicles.' This restructuring reflects a significant pivot in GM's strategy concerning its self-driving initiatives, which has raised concerns among Cruise employees about their job security."