Topic
corporate-restructuring
60 stories related to this topic, newest first.
koreatimes.co.krworld17 hrs ago
Homeplus Appeals Seoul Court Termination of Rehabilitation Proceedings
Homeplus Co. filed an appeal Monday against a Seoul court's July 3 decision to end its corporate rehabilitation. The move follows the retailer's temporary closure of outlets and a financing agreement from its largest creditor.
cnet.comfinance11 days ago
Volkswagen Unveils 12-Point Restructuring Plan to Cut Capacity and Complexity
Volkswagen announced a restructuring plan that includes reducing annual production capacity to 9 million vehicles, cutting model range by up to 50 percent, and lowering product complexity by up to 75 percent. The company's works council rejected plant closures and said it will su…
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technology11 days ago
Comcast to Split into Separate Broadband and NBCUniversal Companies
Comcast announced it will divide into a broadband company and an NBCUniversal entertainment company. The move follows the earlier spin-off of cable assets into Versant.
news.sky.comfinance12 days ago
Frasers Property Sells Hotels and Industrial Assets in Portfolio Restructuring
Singapore-listed Frasers Property completed multiple asset sales and a hospitality portfolio reshuffle in 2025 and 2026. The moves follow the privatization of Frasers Hospitality Trust last year.
technology12 days ago
Microsoft to cut 3,200 Xbox jobs and close four studios
Microsoft will eliminate 1,600 positions immediately and another 1,600 over the next fiscal year while closing four Xbox studios. Xbox CEO Asha Sharma cited an unhealthy business and over-expansion as reasons for the reductions.
indiatoday.intoday.inai17 days ago
Meta Chief Executive Says AI Agents Lag Behind Internal Targets
Mark Zuckerberg told employees the company's AI agents have not advanced at the expected pace. The remarks came during an internal town hall reviewing a broad restructuring effort.
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bleedingcool.comfinance17 days ago
Comcast plans to spin off NBCUniversal and Sky assets
Comcast announced plans to separate its NBCUniversal and Sky entertainment holdings into a standalone company. The cable operations will remain under Comcast ownership. The separation is scheduled for completion in mid-2027.
Fortunebusiness17 days ago
Nissan Narrows Annual Loss to 533 Billion Yen but Revenue Falls 5 Percent and Forecasts Modest Profit
Nissan reported a 533 billion yen net loss for the fiscal year ending March 31 2026, down from 671 billion yen the prior year. New CEO Ivan Espinosa unveiled cost cuts and a return to modest profit next year.
app.buzzsumo.comworld19 days ago
AB Foods Reports Lower Primark Sales Ahead of Division Split
The company recorded a drop in clothing sales for the first half of its fiscal year. It also confirmed plans to separate its fashion and grocery operations into two listed companies.
politics21 days ago
Comcast Plans to Split From NBCUniversal to Operate as Separate Companies
Comcast will separate from NBCUniversal in a transaction expected to take about a year. Co-CEO Brian Roberts said the move positions each company for independent value creation and organic growth. Analysts noted potential future M&A activity in media and cable sectors.
world21 days ago
Charter Communications Debt Securities Rise on Speculation of Industry Consolidation
Some Charter Communications Inc. debt securities reached record levels Monday. Traders cited the possibility that a rival broadband provider's planned breakup could lead to a merger between the two companies.
finance21 days ago
Comcast to Separate NBCUniversal from Broadband Operations
Comcast plans to split its media and entertainment assets from its broadband business. The separation follows an earlier spin-off of its cable networks into a new company called Versant.
Euronewsbusiness21 days ago
British American Tobacco to Cut 5,500 Jobs and Outsource 3,500 Roles to Save £600 Million a Year
The tobacco company said the moves will affect about 9,000 staff and target £600 million in annual savings by 2028. The restructuring spares its US operations and forms part of a shift toward smokeless products.
forbes.comfinance21 days ago
Comcast Plans Tax-Free Spin-Off of NBCUniversal and Sky
Comcast shares rose 23 percent in pre-market trading after the company announced plans to separate its media assets into a new publicly traded entity. The transaction is expected to close in about one year and leave shareholders with stakes in both companies.
comicbook.combusiness21 days ago
Comcast to Spin Off NBCUniversal and Sky into Separate Public Company
Comcast will separate its media and technology operations into two publicly traded companies through a tax-free spin-off expected within one year. The stock rose more than 25 percent in premarket trading after the announcement.
finance21 days ago
Comcast Plans NBCUniversal Spinoff to Separate Media and Tech Units
Comcast will spin off NBCUniversal and Sky into a separate publicly traded company. The move aims to isolate broadcast and studio operations from its broadband and wireless businesses. Shares rose 20 percent after the announcement.
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deccanchronicle.comworld24 days ago
Volkswagen Weighs Closing Four German Plants and Cutting Up to 100,000 Jobs
Volkswagen is evaluating the shutdown of four German factories and the elimination of as many as 100,000 positions. The moves would represent the largest restructuring in the automaker's history.
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Financial Timesfinance25 days ago
JPMorgan Promotes Two Executives to Lead Major Divisions
The bank assigned two senior leaders to run its largest business units after one division head departed. The moves follow an internal restructuring announced by the company.
finance.yahoo.comworld31 days ago
Starbucks Cuts Corporate Jobs in London and Hong Kong
Starbucks is reducing corporate positions in London and Hong Kong while shifting more operational control to licensees outside North America. The changes affect staffing at the company's international offices.
yna.co.krworld31 days ago
JoongAng Ilbo Seeks Creditor Workout While Five Affiliates File for Court Rehabilitation
The newspaper filed with Hana Bank after failing to repay 22 billion won in commercial paper. Five group affiliates sought court rehabilitation over the weekend.
pymnts.comtechnology32 days ago
Meta AI Unit Faces Internal Disruption After Staff Transfers
Meta moved thousands of employees into its new AI teams last month. Workers in the applied AI engineering unit have publicly expressed dissatisfaction with their new assignments during internal meetings.
news.sky.comworld34 days agoUpdated
UK Government Objects to Thames Water Lenders’ £10bn Rescue Plan
Environment Secretary Emma Reynolds wrote to Ofwat on Monday raising concerns over the lenders' rescue package. A government spokesman said the offer does not do enough to protect consumers or the environment.
forbes.comworld38 days ago
Honeywell to Spin Off Aerospace Unit June 29
Honeywell plans to complete the separation of its aerospace business on June 29. CEO Vimal Kapur said the company began planning the split before receiving an activist investor letter in 2024.
marketwatch.comfinance51 days ago
Citi 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.
Forbessports51 days ago
MSG 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.
bbc.co.ukworld52 days ago
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.
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bgr.inai58 days ago
Intuit 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 Bbcfinance58 days ago
Brewdog 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.comfinance59 days ago
Disney'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.combusiness59 days ago
Bolt 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.comfinance60 days ago
WiseTech 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.zaai61 days ago
Intuit 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.
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Wiredfinance62 days ago
Meta 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…
Bloombergfinance62 days ago
Apple 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.
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pymnts.comai63 days ago
Meta 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.
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nypost.comai63 days ago
Meta 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.comfinance63 days ago
MSG 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.comfinance63 days ago
Anglo 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.krworld64 days ago
Homeplus 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.
foxnews.comfinance67 days ago
Amazon 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.
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prnewswire.comtechnology68 days ago
Ginkgo 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.comfinance68 days ago
Walmart 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.
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en.globes.co.ilworld70 days agoUpdated
Company 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.
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Substrate placeholder — needs reviewfinance70 days ago
Lotte 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.comtechnology73 days ago
Porsche 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 Postbusiness74 days ago
Cloudflare 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.networld74 days ago
Private 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 Postfinance74 days ago
Coinbase 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.comworld76 days ago
Coinbase 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…
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insidermonkey.comfinance76 days ago
Lucid 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…
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techcentral.co.zaai76 days ago
Elon 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…
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GB Newsfinance76 days ago
Nissan 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.comfinance76 days ago
Coinbase 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…
Forbesfinance76 days ago
Coinbase 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…
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CoinDeskfinance76 days ago
Coinbase 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.comworld84 days ago
Rogers 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…
MarketWatchai84 days agoUpdated
Microsoft 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…
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cnbc.comfinance86 days ago
Meta 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…
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retailtimes.co.ukworld87 days ago
Nike 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.ukworld88 days ago
Nike 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…