Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more
Tag: Corporate Organizational Restructuring
Salesforce will lay off 10% of staff as part of restructuring
Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more
Credit Suisse flags $1.6 billion 4Q loss as wealth management comes under strain
Credit Suisse Group AG said Wednesday it expects to make a loss before taxes of around CHF1.5 billion ($1.58 billion)in the fourth quarter, as net-asset outflows cause its wealth-management business Read more
10 crazy things detailed in FTX’s bankruptcy filing
On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. Read more
Warner Bros. Discovery’s ‘tough juggling act’ sends stock dropping toward 13-year low
Shares of Warner Bros. Discovery Inc. were plunging Friday toward closing levels not seen since May 2009 as the media giant’s latest earnings report highlighted challenges prevalent across the industry Read more
Cerebral to cut jobs amid lower growth targets
Telehealth startup Cerebral Inc. told staffers it is cutting jobs and restructuring its operations in moves that will affect about 20% of its employees, shrinking the company to match patient demand and Read more
Warner Bros. Discovery warns of as much as $4.3 billion in restructuring charges
Warner Bros. Discovery Inc. WBD, -2.30% said it expected to incur as much as $4.3 billion in pretax restructuring charges through 2024, the result of a cost-cutting effort following the combination Read more
Goldman beats lowered earnings target and unveils plan to reorganize under three business units
Goldman Sachs Group Inc. shares rose Tuesday as the bank beat lowered profit expectations for the third quarter, while confirming plans to reorganize into three business units in a move Read more
Zuckerberg warns hiring freeze, restructuring is coming to Meta: report
Mark Zuckerberg warned employees Thursday that a hiring freeze and restructuring is coming to Facebook parent company Meta Platforms Inc. Meta’s META, -3.67% chief executive and co-founder made the announcement Read more
Bed Bath & Beyond stock falls nearly 2% after ‘accelerated markdowns’ led to much wider-than-expected loss
Shares of Bed Bath & Beyond Inc. dropped 1.9% in premarket trading Thursday, after the home-goods retailer reported a much wider-than-expected fiscal second-quarter loss, as markdowns and promotions were accelerated Read more
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