Spirit Airlines formally exits Chapter 11 bankruptcy with less debt, new stockSpirit Airlines has exited Chapter 11 bankruptcy with reduced debt and enhanced financial flexibility, choosing its own recovery over takeover bids.
Northvolt files for Chapter 11Northvolt files for Chapter 11 bankruptcy, aiming to restructure and sustain operations amid significant debt.
Vertical farming company Plenty files for bankruptcy after raising nearly $1B | TechCrunchPlenty files for bankruptcy while securing $20.7 million to restructure and continue operations.
Judicial Scandal Casts Shadow on JC Penney Bankruptcy CaseThe JC Penney bankruptcy restructuring is under scrutiny due to allegations of impropriety involving a judge's personal relationship with a law firm partner.
What Happens Now That Spirit Airlines Has Filed for Bankruptcy?Spirit Airlines filed for bankruptcy, assuring that travelers' bookings and loyalty points are secure during its restructuring process.
'You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcySpirit Airlines is entering Chapter 11 bankruptcy to restructure its debt and seek new investments, promising to continue normal operations during the process.
Spirit Airlines formally exits Chapter 11 bankruptcy with less debt, new stockSpirit Airlines has exited Chapter 11 bankruptcy with reduced debt and enhanced financial flexibility, choosing its own recovery over takeover bids.
Northvolt files for Chapter 11Northvolt files for Chapter 11 bankruptcy, aiming to restructure and sustain operations amid significant debt.
Vertical farming company Plenty files for bankruptcy after raising nearly $1B | TechCrunchPlenty files for bankruptcy while securing $20.7 million to restructure and continue operations.
Judicial Scandal Casts Shadow on JC Penney Bankruptcy CaseThe JC Penney bankruptcy restructuring is under scrutiny due to allegations of impropriety involving a judge's personal relationship with a law firm partner.
What Happens Now That Spirit Airlines Has Filed for Bankruptcy?Spirit Airlines filed for bankruptcy, assuring that travelers' bookings and loyalty points are secure during its restructuring process.
'You can continue to book and fly': Spirit Airlines says it will operate normally during Chapter 11 bankruptcySpirit Airlines is entering Chapter 11 bankruptcy to restructure its debt and seek new investments, promising to continue normal operations during the process.
Two Bay Area tech giants announce huge layoffs at almost exact same momentAutodesk and HP announce significant layoffs amid restructuring efforts, highlighting shifts in workforce management and strategic investments in technology.
Bay Area biotech company once worth $2B guts staff, departing execs get $600KSutro Biopharma faces drastic staff reductions and shifts in leadership due to ongoing financial losses.
Layoffs coming to Edward Jones in St. LouisEdward Jones is planning layoffs as part of a multi-year restructuring initiative to enhance its client-first approach.
HHS starts parting with 10,000 workers as RFK Jr.'s overhaul plans come togetherThe Department of Health and Human Services is undergoing significant layoffs as part of a major restructuring plan.
Workday lays off 1,750 employees; company to focus on artificial intelligence, CEO saysWorkday is laying off 1,750 employees, or 8.5% of its workforce, to focus on growth and AI investments.
Volkswagen to shut three factories and cut thousands of jobs, says unionVolkswagen plans to shut factories and lay off workers in response to weak sales and competition in the electric vehicle market.
Two Bay Area tech giants announce huge layoffs at almost exact same momentAutodesk and HP announce significant layoffs amid restructuring efforts, highlighting shifts in workforce management and strategic investments in technology.
Bay Area biotech company once worth $2B guts staff, departing execs get $600KSutro Biopharma faces drastic staff reductions and shifts in leadership due to ongoing financial losses.
Layoffs coming to Edward Jones in St. LouisEdward Jones is planning layoffs as part of a multi-year restructuring initiative to enhance its client-first approach.
HHS starts parting with 10,000 workers as RFK Jr.'s overhaul plans come togetherThe Department of Health and Human Services is undergoing significant layoffs as part of a major restructuring plan.
Workday lays off 1,750 employees; company to focus on artificial intelligence, CEO saysWorkday is laying off 1,750 employees, or 8.5% of its workforce, to focus on growth and AI investments.
Volkswagen to shut three factories and cut thousands of jobs, says unionVolkswagen plans to shut factories and lay off workers in response to weak sales and competition in the electric vehicle market.
Fate of Hudson's Bay still up in the air as extension granted until Friday | CBC NewsHudson's Bay Company faces a potential liquidation or restructuring, with critical decisions expected by the end of the week.
Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores | CBC NewsAn Ontario judge rejected Hudson's Bay Company's restructuring agreement, risking lender-driven receivership.
Fate of Hudson's Bay still up in the air as extension granted until Friday | CBC NewsHudson's Bay Company faces a potential liquidation or restructuring, with critical decisions expected by the end of the week.
Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores | CBC NewsAn Ontario judge rejected Hudson's Bay Company's restructuring agreement, risking lender-driven receivership.
EY boss Janet Truncale pushes a major shake-up of the Big Four firm after her predecessor's attempt failedEY is restructuring by merging geographical regions and enhancing its consulting services under new CEO Janet Truncale.
With Trump coming into power, the NIH is in the crosshairsThe Trump administration may target NIH for substantial restructuring due to declining trust in public health agencies, worsened by the pandemic.
The Small Business Administration will lay off 43% of staff, take over student loans from dismantled Department of EducationThe SBA will manage federal student loans after taking over from the Department of Education, raising concerns about borrower confusion.
With Trump coming into power, the NIH is in the crosshairsThe Trump administration may target NIH for substantial restructuring due to declining trust in public health agencies, worsened by the pandemic.
The Small Business Administration will lay off 43% of staff, take over student loans from dismantled Department of EducationThe SBA will manage federal student loans after taking over from the Department of Education, raising concerns about borrower confusion.
Workday talks up AI agent amid staff cutsWorkday confirms AI-driven decision-making led to workforce reduction as part of a restructuring plan to focus on its Agent System of Record platform.
FHFA cuts staff as Freddie Mac announces end of remote workFHFA is restructuring and planning to lay off about 10% of its workforce due to office eliminations.
Ebusco to reduce workforce by 16% (102 employees) as part of restructuring plan - Sustainable BusEbusco plans to reduce its workforce by 16.5% as part of a restructuring effort to improve financial performance.
Workday talks up AI agent amid staff cutsWorkday confirms AI-driven decision-making led to workforce reduction as part of a restructuring plan to focus on its Agent System of Record platform.
FHFA cuts staff as Freddie Mac announces end of remote workFHFA is restructuring and planning to lay off about 10% of its workforce due to office eliminations.
Ebusco to reduce workforce by 16% (102 employees) as part of restructuring plan - Sustainable BusEbusco plans to reduce its workforce by 16.5% as part of a restructuring effort to improve financial performance.
Hudson's Bay liquidation of all stores could start as soon as Tuesday | CBC NewsHudson's Bay faces potential liquidation while seeking financing to preserve some stores in Canada.A court hearing aims to address Hudson's Bay's financial struggles and possible restructuring.
NHS England to cut workforce by half as Streeting restructuresNHS England will reduce its staff by half due to a major restructuring effort led by new leadership.
NHS England: Why world's biggest quango is being axedNHS England is being restructured to reduce bureaucracy and improve efficiency within the UK's healthcare system.
30,000 jobs could go in Labour's radical overhaul of NHSNHS job cuts are projected to be significantly greater than previously estimated, potentially reaching up to 30,000 due to restructuring and cost-cutting measures.
NHS England to cut workforce by half as Streeting restructuresNHS England will reduce its staff by half due to a major restructuring effort led by new leadership.
NHS England: Why world's biggest quango is being axedNHS England is being restructured to reduce bureaucracy and improve efficiency within the UK's healthcare system.
30,000 jobs could go in Labour's radical overhaul of NHSNHS job cuts are projected to be significantly greater than previously estimated, potentially reaching up to 30,000 due to restructuring and cost-cutting measures.
'Klarnageddon': Employees in limbo as fintech startup preps for IPOKlarna is restructuring its teams and placing employees in a 'talent pool' ahead of its IPO, indicating significant internal changes.
iRobot in dire straits, likely to collapse within 12 monthsiRobot has warned investors about its uncertain future and reliance on new product success amid financial difficulties.
Musk cannot stop commercial restructuring of OpenAI at this momentElon Musk's lawsuit to stop OpenAI's restructuring has been denied due to insufficient evidence.
OpenAI value surges to $157bn in funding dealOpenAI's funding round solidifies its position as a leading AI entity, valued at $157bn amid structural changes.
OpenAI Details Plans for Becoming a For-Profit CompanyOpenAI is restructuring as a public benefit corporation to better align with capital-raising efforts and balance various interests.
OpenAI loses money on expensive ChatGPT Pro subscriptionOpenAI is struggling to find a profitable model, with the ChatGPT Pro subscription costing more than revenue generated.
Musk cannot stop commercial restructuring of OpenAI at this momentElon Musk's lawsuit to stop OpenAI's restructuring has been denied due to insufficient evidence.
OpenAI value surges to $157bn in funding dealOpenAI's funding round solidifies its position as a leading AI entity, valued at $157bn amid structural changes.
OpenAI Details Plans for Becoming a For-Profit CompanyOpenAI is restructuring as a public benefit corporation to better align with capital-raising efforts and balance various interests.
OpenAI loses money on expensive ChatGPT Pro subscriptionOpenAI is struggling to find a profitable model, with the ChatGPT Pro subscription costing more than revenue generated.
US tech company to shed 142 staff in IrelandWorkday announced a global reduction of 1,750 jobs, marking its first major layoffs, influenced by a shift towards AI investments.
Maple Leaf Sports and Entertainment cuts 80 jobs in company-wide restructuring | CBC NewsMLSE is cutting 80 jobs to enhance efficiency and sustainability amid a restructuring.
HSBC reportedly asks middle managers to reapply for jobs as layoffs loomHSBC is restructuring its corporate division, requiring managers to reapply, potentially leading to significant job cuts.
Post Office could be set to close 115 branches putting 1000s of jobs at riskThe Post Office plans to close 115 unprofitable branches, impacting over 1000 jobs, to improve financial performance.
Northvolt is looking for 300 million euros short terms funds by end of the monthNorthvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continueDeloitte is cutting roles in its advisory division due to declining demand for consultancy services.
US tech company to shed 142 staff in IrelandWorkday announced a global reduction of 1,750 jobs, marking its first major layoffs, influenced by a shift towards AI investments.
Maple Leaf Sports and Entertainment cuts 80 jobs in company-wide restructuring | CBC NewsMLSE is cutting 80 jobs to enhance efficiency and sustainability amid a restructuring.
HSBC reportedly asks middle managers to reapply for jobs as layoffs loomHSBC is restructuring its corporate division, requiring managers to reapply, potentially leading to significant job cuts.
Post Office could be set to close 115 branches putting 1000s of jobs at riskThe Post Office plans to close 115 unprofitable branches, impacting over 1000 jobs, to improve financial performance.
Northvolt is looking for 300 million euros short terms funds by end of the monthNorthvolt is seeking urgent funding to stabilize operations after significant layoffs amidst challenging conditions in the European electric vehicle market.
Deloitte says jobs are at risk in its advisory division as challenges for the consulting sector continueDeloitte is cutting roles in its advisory division due to declining demand for consultancy services.
Profit slide at HP can only mean one thing: Hammer timeHP plans to cut up to 2,000 jobs to save $300 million this fiscal year.
WB's Gaming Struggles Come Into FocusWarner Bros. Discovery's gaming business is underperforming with substantial impairment charges and disappointing major title releases, prompting restructuring efforts.
Job cuts on the way as Bank of Ireland targets efficiency despite 1.9bn profitBank of Ireland aims to reduce staff numbers to create a leaner organization over the next three years.
Jane Fraser is nearly four years into her effort to transform Citi. Here's what you need to know about how it's going.Jane Fraser is attempting to revitalize Citigroup through leadership changes, layoffs, and significant initiatives, but substantial challenges remain.
HSBC to cut senior banker roles after a hike in profits - London Business News | Londonlovesbusiness.comHSBC is cutting senior banker roles to simplify operations and improve decision-making speed after a significant profit increase.
Job cuts on the way as Bank of Ireland targets efficiency despite 1.9bn profitBank of Ireland aims to reduce staff numbers to create a leaner organization over the next three years.
Jane Fraser is nearly four years into her effort to transform Citi. Here's what you need to know about how it's going.Jane Fraser is attempting to revitalize Citigroup through leadership changes, layoffs, and significant initiatives, but substantial challenges remain.
HSBC to cut senior banker roles after a hike in profits - London Business News | Londonlovesbusiness.comHSBC is cutting senior banker roles to simplify operations and improve decision-making speed after a significant profit increase.
Starbucks Layoffs: Eliminate 1100 Corporate Jobs, Open Roles | EntrepreneurStarbucks is laying off 1,100 corporate employees as part of a restructuring plan to improve efficiency and sales.
HSBC divides into four businesses in major overhaul of operationsHSBC aims to restructure by dividing into four businesses and regions to improve efficiency and address geopolitical issues.
Starbucks Layoffs: Eliminate 1100 Corporate Jobs, Open Roles | EntrepreneurStarbucks is laying off 1,100 corporate employees as part of a restructuring plan to improve efficiency and sales.
HSBC divides into four businesses in major overhaul of operationsHSBC aims to restructure by dividing into four businesses and regions to improve efficiency and address geopolitical issues.
TikTok lays off trust and safety staffers - as future remains in limbo: reportTikTok is laying off members of its global trust and safety team while facing scrutiny over national security concerns in the U.S.
ZF reportedly plans to spin off electrified driveline divisione for cost-cutting reasonsZF is planning to potentially spin off its Electrified Drive Technologies division due to profitability concerns.
G.M.'s Ailing China Business Will Deal It a $5 Billion BlowGM is restructuring its Chinese operations due to significant financial losses, forecasting over $5 billion impact on profits.The company anticipates slow recovery in its market performance in China through restructuring efforts.
Losses in China lead to $5B charge for General Motors as it cuts the value of its assets | CBC NewsGM faces over $5 billion in write-downs due to poor performance in Chinese joint ventures.The automaker anticipates a full year net profit despite massive losses.
ZF reportedly plans to spin off electrified driveline divisione for cost-cutting reasonsZF is planning to potentially spin off its Electrified Drive Technologies division due to profitability concerns.
G.M.'s Ailing China Business Will Deal It a $5 Billion BlowGM is restructuring its Chinese operations due to significant financial losses, forecasting over $5 billion impact on profits.The company anticipates slow recovery in its market performance in China through restructuring efforts.
Losses in China lead to $5B charge for General Motors as it cuts the value of its assets | CBC NewsGM faces over $5 billion in write-downs due to poor performance in Chinese joint ventures.The automaker anticipates a full year net profit despite massive losses.
Scania takes over Northvolt's heavy-duty battery pack business amid restructuring - Sustainable BusNorthvolt sold its industrial battery pack division to Scania as part of a restructuring strategy to stabilize finances.
Water bills 'will rise' as Thames Water gets 3 billion bailoutThames Water's restructuring plan was approved by the High Court to avoid bankruptcy, impacting customers with higher water bills.
Intel's chipmaking division lost $13 billion last year, but its losses are no longer historicIntel's Q4 2024 results show significant improvement, despite ongoing challenges and substantial previous losses.
Intel losses hit $16.6B as restructuring efforts take a tollIntel reported its largest loss ever at $16.6 billion, influenced by significant restructuring costs, yet revenue forecasts show signs of cautious rebound.
Intel restructuring plan leaves Pat Gelsinger without his CEO positionPat Gelsinger's departure from Intel is viewed as a forced retirement driven by board dissatisfaction with restructuring plans.
Intel's chipmaking division lost $13 billion last year, but its losses are no longer historicIntel's Q4 2024 results show significant improvement, despite ongoing challenges and substantial previous losses.
Intel losses hit $16.6B as restructuring efforts take a tollIntel reported its largest loss ever at $16.6 billion, influenced by significant restructuring costs, yet revenue forecasts show signs of cautious rebound.
Intel restructuring plan leaves Pat Gelsinger without his CEO positionPat Gelsinger's departure from Intel is viewed as a forced retirement driven by board dissatisfaction with restructuring plans.
Private-credit investors are staffing up. Here's where the jobs are.Private credit hiring is rising, particularly for roles in restructuring, operations, and specialized finance skills as firms adapt to changing market conditions.
Lion Electric files for credit protection and aims to focus on electric school bus production - Sustainable BusLion Electric filed for creditor protection with debts over $411 million and is shifting focus to electric school buses amid restructuring efforts.
AI Won't Replace You, But It Will Change How You Design-Here's How To Adapt!Mass layoffs in tech are primarily driven by companies' pivot to AI rather than employee performance.Designers need to evolve their skills to adapt to the increasing impact of AI in their field.
Munich-based e-air taxi startup Lilium to restart operationsLilium is restructuring with new investor support after laying off 1,000 employees, aiming to restart operations in the eVTOL market.
Rocky Mountain Bicycles Files for Pandemic-Fueled Business RestructureRocky Mountain Bicycles is restructuring due to financial difficulties caused by pandemic supply issues and post-pandemic price drops.
Ebusco restructures organization dissolving Executive Committee, whose responsibilities will be shifted to the Management Board - Sustainable BusEbusco is restructuring to enhance operations and transition to an Original Equipment Designer model.
Steering Ebusco on track: focus on design and engineering. But cash management comes first. Our interview with CEO Christian Schreyer - Sustainable BusEbusco is undergoing significant restructuring under CEO Christian Schreyer to address liquidity challenges and operational inefficiencies, focusing on transforming company performance.
Ebusco restructures organization dissolving Executive Committee, whose responsibilities will be shifted to the Management Board - Sustainable BusEbusco is restructuring to enhance operations and transition to an Original Equipment Designer model.
Steering Ebusco on track: focus on design and engineering. But cash management comes first. Our interview with CEO Christian Schreyer - Sustainable BusEbusco is undergoing significant restructuring under CEO Christian Schreyer to address liquidity challenges and operational inefficiencies, focusing on transforming company performance.
No one wants to own cable TV networks anymoreWBD is restructuring to enhance flexibility and may consider a spin-off or sale of its cable TV networks in response to market conditions.
Cruise employees 'blindsided' by GM's plan to end robotaxi program | TechCrunchGM 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.
Cruise employees 'blindsided' by GM's plan to end robotaxi program | TechCrunchGM is refocusing its autonomous driving development towards personal vehicles, impacting Cruise's operational future and raising job security concerns among employees.
Cruise employees 'blindsided' by GM's plan to end robotaxi program | TechCrunchGM 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.
Cruise employees 'blindsided' by GM's plan to end robotaxi program | TechCrunchGM is refocusing its autonomous driving development towards personal vehicles, impacting Cruise's operational future and raising job security concerns among employees.
Google's Quantum LeapVanguard is restructuring its wealth management business to attract a larger, financially diverse customer base with reduced entry-level investments.
After provisional insolvency, Quantron's business continues thanks to a core team of employeesQuantron AG will continue operations during provisional insolvency with support from a core team of employees, focusing on securing investor interest for restructuring.
How military police soldiers are trainedMilitary police are essential for Army base security and prison oversight, with training adapting to new combat focuses.
Losses linger for crisis-hit Thyssenkrupp as steel sector suffersThyssenkrupp faces ongoing financial difficulties, reporting a loss of 1.5 billion euros while undergoing restructuring efforts.
Which London Post Office branches could close? Full list of 32 at riskPost Office to close over 100 branches in the UK, with 32 in London, to boost postmaster incomes by £250m over five years.
Mozilla's advocacy arm cuts 30% of staffMozilla Foundation continues its commitment to open-source and free internet advocacy despite restructuring.
Denny's will close 150 restaurants, cut hours and list of menu items as the 24/7 diner strugglesDenny's plans to close 150 underperforming locations and reevaluate its 24/7 service model amidst changing consumer spending habits.
Meta fires employees for spending food allowances on personal items like acne pads and wine glassesMeta dismissed around two dozen employees for misusing meal vouchers, underscoring issues around expense policies amidst broader organizational restructuring.
KPMG and NatWest return to CBI, boosting recovery efforts for scandal-hit groupKPMG and NatWest's return signifies renewed confidence in the CBI's recovery efforts after a misconduct scandal. Their membership may help restore CBI's influence.
Atos fails to reach deal with French state for BDS assetsAtos is seeking to sell BDS assets to the French government amid ongoing restructuring and revenue struggles.
Patagonia is laying off 1% of its workforce; CEO Ryan Gellert announces restructuring amid 'economic headwinds'Patagonia is restructuring, affecting 1% of its workforce, to enhance product development and improve customer experiences while remaining committed to quality.