FTX US has won the bid for Voyager Digital’s assets for about $1.4 billion, more than two months since the crypto broker filed for bankruptcy restructuring and after several attempts Read more
Tag: Corporate Organizational Restructuring
Meta is cutting staff without mentioning layoffs
In response to stalling growth and intense competition, Meta Platforms Inc. META, -0.94% executives have spoken of cost cuts, hiring freezes and “ruthless prioritization.” One word the company hasn’t used: layoffs. But Meta Read more
Ralph Lauren looks to boost profit margins after years of restructuring
Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday Read more
Snap still a ‘zombie’ stock even after restructuring, warns New Constructs
Snap’s recently announced restructuring effort sparked a rally in the company’s shares. But the Snapchat parent is still a “zombie stock” as far as independent equity research firm New Constructs Read more
Sweetgreen stock plunges 23% as restaurant chain misses expectations
Sweetgreen Inc. shares plunged more than 23% after hours Tuesday after the salad restaurant chain’s second-quarter financial results missed Wall Street’s expectations. Sweetgreen SG, -4.21% reported a second-quarter loss of Read more
Warner Bros. Discovery stock slammed after earnings debut
In its first earnings report since bringing in HBO Max and other WarnerMedia properties, Warner Bros. Discovery Inc. on Thursday missed revenue expectations by roughly $2 billion and reported a Read more
Walmart cutting about 200 corporate jobs in restructuring as profits sag
Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying Read more
Twitter lays off workers, report contends Elon Musk’s bid is in jeopardy
Twitter Inc. said it is cleaving 30% of its talent-acquisition team, or less than 100 people, as executives seek to cut costs while waiting for an acquisition by Elon Musk Read more
Twitter lays off workers, report contends Elon Musk’s bid is in jeopardy
Twitter Inc. said it is cleaving 30% of its talent-acquisition team, or less than 100 people, as executives seek to cut costs while waiting for an acquisition by Elon Musk Read more
Crypto broker Voyager Digital files for bankruptcy
Cryptocurrency broker Voyager Digital Ltd. said Wednesday that it has filed for bankruptcy, days after it suspended withdrawals and trading on its platform amid growing turmoil in digital-currency markets. The Read more
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