Cisco to cut about 4,000 jobs in AI-focused restructuring
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Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing,
(Reuters) -Chipmaker Wolfspeed's shares surged about 48% to $1.82 on Tuesday after it said a U.S. court confirmed its Chapter 11 reorganization plan, clearing the way to exit bankruptcy protection in the next several weeks. Upon emergence from bankruptcy ...
Grocery Outlet said its restructuring efforts are showing some progress after the closure of 36 underperforming stores as part of the retailer’s previously announced plan to revitalize its performance.
A restaurant chain in the United Kingdom is reportedly at risk of closing its restaurants. Las Iguanas is a Latin American restaurant that serves Mexican and South American dishes. The High Court judge,
New Fortress Energy (NFE) secured permission from a U.K. court Thursday to arrange creditor votes on a sweeping restructuring that will see the vast majority of the company's debt load converted into equity,
The city’s five municipal pension funds are partly controlled by union representatives who aren’t jumping for joy at the idea of delaying payments.
Mayor Zohran Mamdani announced a $124.7 billion executive budget proposal Tuesday, a plan that leans on deferring pension fund payments for city employees and a boost in
BERLIN (Reuters) -Workers at Thyssenkrupp Steel Europe (tkSE) voted to approve a sweeping restructuring plan, setting the stage for the revival of Germany's largest steelmaker, contingent on Thyssenkrupp AG's commitment to finance the initiative.
The administrative staff restructuring plan, which could be delayed to January 2027, will formalize positions in Georgetown’s College of Arts & Sciences and will reassign some staff members to