business-restructuring
8 stories related to this topic, newest first.
Starbucks to Cut 300 U.S. Corporate Jobs and Close Regional Offices
Starbucks announced it will lay off 300 U.S. corporate employees and shutter some regional support offices as part of its ongoing restructuring. The move is the third round of corporate layoffs since the current chief executive took over and does not affect store workers. The com…
scienceblog.cancerresearchuk.orgCancer Research UK Closes Aberdeen Store as Part of 190-Shop Reduction Plan
Cancer Research UK closed its Aberdeen branch on Rosemount Viaduct on May 8, 2026, as the first wave of 90 permanent store closures scheduled for completion by the end of the month. The charity announced the restructuring programme in October 2025, citing rising costs, declining…
news.sky.comLeon Restaurants Confirms Closure of 23 UK Sites After Entering Administration
Leon Restaurants has confirmed the permanent closure of 23 company-owned UK sites as part of a restructuring following its entry into administration in December. Co-founder John Vincent injected £2.5 million into the business after buying it back from Asda in October 2025.
secretldn.comSPX Capital to Close London Office as Senior Partners Depart
Brazilian hedge fund SPX Capital is undergoing a major restructuring that includes the departure of senior partners and a rethink of its operations. The firm will shut its London office as part of the changes. @business reported the developments, citing sources.
retailgazette.co.ukUp to 150 TGJones Stores Face Closure Amid Restructuring
The owners of TGJones said up to 150 stores could close as part of a restructuring prompted by a year of challenging trading conditions. The company attributed the difficulties to weak consumer spending, cost-of-living pressures and rising operating costs linked to government pol…
Substrate placeholder — needs review801 Restaurant Group Files for Chapter 11 Bankruptcy to Restructure Debt
The family-owned 801 Restaurant Group filed for Chapter 11 bankruptcy on April 10 in Kansas court, citing the need to restructure debt while keeping operations running. The filing lists liabilities of about $18.7 million, stemming mainly from closures of specific locations. Indiv…
Substrate placeholder — needs reviewSnap Announces Layoffs of About 1,000 Employees to Increase Reliance on Artificial Intelligence
Snap, the company behind the Snapchat social media app, stated it is laying off approximately 1,000 full-time employees. The layoffs represent 16% of its full-time staff. The move supports the company's shift toward greater use of artificial intelligence in its operations.
Substrate placeholder — needs reviewSony Pictures Entertainment Announces Restructuring with Job Cuts in Film, TV and Corporate Divisions
Sony Pictures Entertainment is undergoing a business restructuring to position the company for future growth. The changes will result in job cuts across its film, television and corporate divisions over the coming months. This move aims to streamline operations amid industry chal…