corporate-restructuring
43 stories related to this topic, newest first.
marketwatch.comCiti Cuts Management Layers from 13 to 8 as Part of CEO Jane Fraser’s Five-Year Overhaul
Jane Fraser restructured Citi into five divisions reporting directly to her and reduced management layers. The bank posted its strongest quarterly results in ten years with a 13.1% return on tangible common equity.
ForbesMSG Sports Files to Split Knicks and Rangers Businesses
Madison Square Garden Sports filed documents to separate its Knicks and Rangers operations into two companies. The filing came as the Knicks reached the NBA Finals for the first time since 1999. The company has an enterprise value of $9.9 billion.
UBS Cuts Hundreds of Jobs During Credit Suisse Integration
UBS is reducing staff levels as part of its ongoing integration of Credit Suisse. The reductions coincide with separate automation initiatives at the bank.
bgr.inIntuit and Meta Announce Thousands of Job Cuts This Week
Intuit cut 3,000 positions this week, or 17 percent of its workforce, citing a shift toward AI. Meta began cutting 8,000 jobs on Wednesday for the same stated reason.
The BbcBrewdog Co-Founder Plans New Beer Brand With Shares for Prior Investors
James Watt announced plans to launch a beer company called Second Best and allocate up to 19.3 percent of its shares to people who lost money through Brewdog's Equity for Punks scheme. The move follows the 2023 administration of Brewdog after a U.S. investor received preference s…
hollywoodreporter.comDisney's Marvel Comics Division Plans Leadership Change and Staff Reductions
Marvel Comics announced a leadership transition and additional job cuts in 2026. The moves follow earlier reductions at the comics unit and come as the division reports lower market share.
zerohedge.comBolt CEO Fires HR Department and Reduces Workforce by 30 Percent
Ryan Breslow returned as CEO of Bolt in 2025 and eliminated the company's HR department. He replaced it with a smaller people-operations team and cut the workforce from thousands to about 100 employees.
app.buzzsumo.comWiseTech Begins Redundancies Across Multiple Countries
The logistics software company has started notifying employees of job cuts announced in February. The process affects nearly 2,000 positions out of a 7,000-person workforce.
citizen.co.zaIntuit to Cut 3,000 Jobs While Shifting Focus to Artificial Intelligence
Intuit plans to reduce its global workforce by about 17 percent as part of a restructuring that increases investment in artificial intelligence. The company, known for TurboTax and QuickBooks, announced the changes in an internal memo.
WiredMeta Plans Layoffs of About 8,000 Employees This Week
Meta will cut roughly 8,000 positions, or 10 percent of its workforce, with notices scheduled to reach affected employees at 4 a.m. local time on Wednesday. Employees have been using remaining benefits and meeting offsite ahead of the reductions. The company is also moving 7,000…
BloombergApple Restructures Hardware Division Oversight to Accelerate Product Design
Apple has reorganized leadership in its hardware division by appointing Shelly Goldberg and Dave Pakula to oversee product design. The changes follow the arrival of a new hardware head and aim to speed development cycles.
pymnts.comMeta to Shift 7,000 Employees to AI Projects and Cut Managerial Positions
Meta announced plans to reassign 7,000 employees to artificial intelligence initiatives and eliminate certain managerial roles. The changes affect the company's workforce structure and focus on AI development.
nypost.comMeta to Lay Off 10 Percent of Global Workforce on Wednesday
Meta told North American employees to work from home Wednesday while it conducts layoffs affecting 10 percent of its global staff. The cuts form part of a broader reorganization that includes new roles for about 7,000 employees and reduced managerial positions.
nypost.comMSG Sports Files to Split Knicks and Rangers into Separate Companies
Madison Square Garden Sports filed a Form 10 registration statement with the Securities and Exchange Commission on Monday to pursue a tax-free spin-off of the New York Knicks and New York Rangers. The filing would create two independent publicly traded companies.
finance.yahoo.comAnglo American to Sell Australia Coal Business for $3.9 Billion
Anglo American has agreed to sell its Australian coal operations to privately owned Dhilmar for $3.9 billion. The transaction supports the company's ongoing restructuring efforts.
koreatimes.co.krHomeplus Requests Emergency Operating Loans From Meritz Securities
Homeplus Co. asked its largest creditor for emergency operating funds on Sunday. The discount store chain is operating under court-led rehabilitation proceedings that began in March 2025.
marketwatch.comStarbucks Reports Exit and Disposal Costs in SEC Filing
Starbucks Corp. filed an 8-K on May 15, 2026 disclosing costs associated with exit or disposal activities under Item 2.05. The disclosure triggers subsequent SEC filings that will detail the specific charges, affected operations, and timeline for any store closures or restructuri…
foxnews.comAmazon Streamlines Selling Partner Services Division Amid Ongoing Operational Review
Amazon has announced another round of layoffs in its selling partner services division. The move follows cuts of nearly 30,000 jobs in recent months. The current date is 2026-05-15.
prnewswire.comGinkgo Bioworks to Close Traditional Labs and Spin Off Biosecurity Unit
The Boston company reported cumulative net losses of $6 billion since 2020 and a 24 percent revenue decline last year. It will focus on selling AI-driven lab robots to drug companies and universities while offering cloud access to automated experiments. The company already operat…
bloombergquint.comWalmart to Relocate or Cut About 1,000 Technology and Product Jobs
Walmart is streamlining its global technology and product teams by relocating or terminating close to 1,000 corporate positions. The retail company notified affected workers of the changes. The moves are part of broader efforts to adjust its organizational structure.
en.globes.co.ilCompany Lays Off 500 to 600 Technology Workers Globally
The company has cut between 500 and 600 information technology positions worldwide as part of a cost reduction and restructuring effort. The reductions have a significant impact in Austin, Texas, and Michigan. The move was reported by CNBC on Monday.
Substrate placeholder — needs reviewLotte Chemical Swings to Modest Q1 Profit on Temporary Feedstock Cost Lag
Lotte Chemical Corp. swung to a net profit of 33.5 billion won in the first quarter, reversing a year-earlier loss, as lower feedstock costs from the lagging effect of crude oil prices boosted margins. Revenue rose 1.8 percent to 4.99 trillion won. The South Korean company has be…
finance.yahoo.comPorsche to Refocus Core Business by Closing Three Non-Core Subsidiaries
The German automaker announced the closures of Cellforce Group, Porsche eBike Performance and Cetitec on Friday, with more than 500 employees set to lose their jobs. CEO Michael Leiters cited the need to refocus on core business as part of a strategic realignment first outlined i…
New York PostCloudflare to Cut About 1,100 Jobs as Part of AI-Driven Restructuring
Cloudflare revealed the cuts on Thursday, equal to roughly one-fifth of its global workforce. Co-founders Matthew Prince and Michelle Zatlyn cited a fundamental change in how the company operates as internal AI agent sessions have surged. The San Francisco firm posted first-quart…
hedgeco.netPrivate Credit Investors to Inject $100 Million Into Medallia in Restructuring
A group of private credit investors led by Blackstone is preparing to inject at least $100 million of fresh funds into Medallia. The transaction is part of a restructuring that will give the investors control of the software maker. The development was reported by Bloomberg.
New York PostCoinbase to Cut About 700 Jobs as It Restructures Around AI
The cryptocurrency exchange informed employees Tuesday morning that it would eliminate roughly 14 percent of its workforce. The company cited productivity gains from artificial intelligence tools that allow smaller teams to complete work faster. Affected employees will receive at…
news.sky.comCoinbase Announces 14% Workforce Reduction to Flatten Structure and Integrate AI
Coinbase plans to lay off about 700 employees as part of a restructuring to make its operations more efficient and AI-focused. The changes include reducing management layers and creating AI-native teams. The move follows trends in the tech sector amid advancements in artificial i…
insidermonkey.comLucid Group Reports Q1 Loss, Announces Production Changes
Electric vehicle maker Lucid Group posted a first-quarter net loss of $1 billion, missing revenue expectations, and announced steps to align production with demand due to elevated vehicle inventories. Separately, investment firm SuRo Capital reported a 76% rise in net asset value…
Substrate placeholder — needs reviewElon Musk Announces xAI Integration Into SpaceX
Elon Musk announced that xAI will cease to exist as a separate company and be integrated as SpacexAI. The move comes as Musk’s artificial intelligence company halted construction of a water reuse facility intended to ease pressure on the Memphis-area water supply. Many investors…
GB NewsNissan to Cut 10% of European Workforce and Merge UK Plant Production Lines
Nissan plans to reduce its European workforce by around 10 percent as part of a global restructuring. The Japanese carmaker will combine two production lines at its Sunderland plant in the UK and cut 900 office jobs across several countries. The moves follow the company's announc…
newser.comCoinbase Lays Off 14% of Workforce
Coinbase will reduce its workforce by about 14%, affecting roughly 660 to 700 employees, as the company adapts to market volatility and integrates artificial intelligence. CEO Brian Armstrong cited the need for a leaner structure to prepare for future growth. The layoffs are expe…
ForbesCoinbase Cuts 14% of Workforce
Coinbase announced layoffs affecting about 14% of its workforce, or just under 700 employees, as part of a broader reorganization. The move aims to flatten the company's leadership structure and integrate AI tools more deeply. CEO Brian Armstrong stated the changes address crypto…
CoinDeskCoinbase Lays Off 14% of Its Workforce
Coinbase announced layoffs affecting 14 percent of its employees, or roughly 660 to 700 people, as the cryptocurrency exchange adapts to artificial intelligence and market volatility. CEO Brian Armstrong cited AI's role in enabling smaller teams to work faster. The move aligns wi…
winnipegfreepress.comRogers Communications Offers Voluntary Buyouts to About 10,000 Employees
Rogers Communications Inc., Canada's largest wireless company, is making approximately 10,000 employees eligible for voluntary buyouts. The move comes amid major growth and debt challenges in the telecommunications industry. @business reported the details of the eligibility progr…
MarketWatchMicrosoft and OpenAI Revise Partnership Agreement, Removing Exclusivity Through 2032
Microsoft and OpenAI have revised their agreement, making Microsoft's license to OpenAI's technology non-exclusive and ending revenue sharing. The changes allow OpenAI to offer products on any cloud while Microsoft retains access through 2032. The announcement coincides with a la…
Substrate placeholder — needs reviewMeta and Microsoft Announce Job Cuts for AI Efficiency
Meta and Microsoft disclosed significant workforce reductions on Thursday, potentially affecting over 20,000 jobs combined. The moves come as tech companies invest heavily in AI while seeking operational efficiencies. Industry experts express concerns that AI advancements are acc…
retailtimes.co.ukNike Announces Layoffs of About 1,400 Employees to Streamline Workflows
Nike has announced it is laying off approximately 1,400 employees as part of efforts to streamline workflows. The sportswear company is addressing a sales slump that has persisted for years. The layoffs are intended to improve operational efficiency amid ongoing sales challenges.
retailtimes.co.ukNike Cuts 1,400 Roles Representing Less Than 2% of Workforce
Nike announced it is reducing its workforce by 1,400 roles, amounting to less than 2% of its total employees. The sporting-goods company stated the move aims to simplify global operations and support its turnaround plan. The reductions are part of efforts to streamline complexity…
Substrate placeholder — needs reviewGates Foundation Announces Epstein Review and Staff Restructuring
The Gates Foundation has initiated an external investigation into its past interactions with Jeffrey Epstein, as announced by CEO Mark Suzman. This review coincides with Bill Gates' scheduled congressional testimony in June and a planned reduction of 500 jobs by 2030. The moves f…
Substrate placeholder — needs reviewAuto Industry Updates: Tesla Legal Issues, Ford Restructuring, Uber Investments, Lucid Leadership Change, CarMax Earnings Preview
Recent developments in the automotive sector include Tesla facing potential high-cost legal settlements and investigations. Ford announced internal restructuring, while Uber plans significant investments in robotaxi technology. Lucid Group named a new CEO and expanded its partner…
Substrate placeholder — needs reviewSumisho Air Lease Corp Approves 40% Workforce Reduction Affecting 64 Employees
Sumisho Air Lease Corp has approved a plan to reduce its workforce by 40 percent, impacting 64 employees. The reductions are expected to conclude in the second and third quarters of 2026. The plan is detailed in a company filing with U.S. regulators.
koreaherald.comEnergy Company Announces Leadership Restructuring and Consolidation
An energy company has initiated a restructuring of its operations and consolidated its leadership structure. The changes aim to address years of underperformance. Details of the moves were reported by @business.
Substrate placeholder — needs reviewMercer International Bonds Decline After Proposal to Alter Creditor Equality Rules
Bonds issued by Mercer International fell following the company's filing to modify rules that mandate equal treatment among creditors in restructuring. The proposal aims to allow Mercer to prioritize certain lenders. This development occurs amid the company's financial challenges…