Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down
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News restructuring
Northvolt Appoints Restructuring Expert For Main Battery Plant
Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries
Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
Battery Maker Northvolt To Replace Plant Boss, Amid Difficulties
Difficulties continue for Northvolt, as head of Europe's first lithium-ion gigafactory steps down with immediate effect
Intel Rejects ARM Approach To Purchase Product Unit – Report
Not for sale. Intel rebuffs another acquisition approach, after ARM reportedly inquires about Intel's product division
OpenAI To Remove Non-Profit Control – Report
Restructuring plan for OpenAI's core business will turn it into a 'for-profit benefit corporation', amid funding drive
Toshiba Axes 4,000 Staff In Post-Delisting Restructuring Operation
Workforce blow. Newly privatised Toshiba has embarked on a 'revitalisation plan' that will entail the loss of 4,000 jobs
Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring
More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future
SAP To Restructure 8,000 Jobs, Amid Business AI Push
Restructuring plan at SAP will impact 8,000 jobs, as firm focuses “on scalability of operations and Business AI”
Celsius Network Approved To Exit Bankruptcy
New Jersey-based Celsius Network receives US bankruptcy court approval for a restructuring plan so it can exit Chapter 11
Vodafone To Exit Spain With Sale Of Spanish Arm To Zegona
Mobile giant confirms it will sell Vodafone Spain to Zegona for $5.3 billion (£4.4bn), in another restructuring move by new CEO
Qualcomm To Axe Jobs Amid Shrinking Revenue
Filing in California reveals Qualcomm is to axe 1,258 jobs in the US state, after previous warning of shrinking revenues
Avaya Files For Chapter 11 Protection, Again
Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels
Crypto.com Axes 20 Percent Of Staff
After the FTX collapse, Singapore's cryptocurrency exchange Crypto.com announces restructuring and axes staff
HP To Layoff 4,000 To 6,000 Staff Over Next Three Years
Smaller still. Thousands of job cuts are coming to HP's global workforce, in addition to the 9,000 jobs it axed three years ago
Rivian Confirms It Will Cut 6 Percent Of Staff
Axe is to fall on 600 jobs at the electric truck maker Rivian, as it restructures to “optimise costs” in worsening economy
Twitter Not Planning Large Numbers Of Layoffs
Social media platform seeks to reassure workforce, saying it was not looking at company-wide layoffs, but it will continue its restructure
Rivian To Brief Staff About Restructuring, Potential Layoffs
More bad news for jobs? Staff at Rivian are to be briefed this week about restructuring and potential layoffs at the electric truck maker
ByteDance Chairman Zhang Yiming To Step Down
Another major shakeup at TikTok’s owner ByteDance, after former CEO and co-founder Zhang Yiming confirms departure as chairman
Facebook Considers Name Change In Major Rebrand – Report
What's in a name? Facebook is reportedly planning to rebrand itself with a new name, similar to the Alphabet/Google setup
Mozilla To Axe Quarter Of Its Workforce
Jobs losses. 250 jobs to be axed at Firefox creator Mozilla, with Coronavirus being blamed for “significant restructuring”
Microsoft Restructuring Sees Exit Of Veteran Terry Myerson
Another Nadella shakeup at Redmond sees focus on “intelligent cloud and intelligent edge”
Cisco Confirms Major Jobs Cull, Despite Profit Growth
Bad news for tech workers as networking giant confirms restructuring reports, despite £8.1 billion profit
Intel Posts Reduced Profit Amid Data Centre Slowdown
Intel reports a better than expected profit, but hefty cost cutting impacts chipmaker's bottom line
Yahoo Seeks Quick Sale Of Non-Core Assets
Restructuring includes potential sale of $1bn to $3bn worth of assets, Chief Financial Officer confirms
Toshiba Predicts Record-Breaking $4.5bn Loss
Troubled electronics giant will also cut nearly 7,000 jobs as its struggles continue
Sony Set To Split Off Semiconductor Business
New unit will look to promote image sensor business as Sony gets back in the black
BlackBerry Acquires Crisis Comms Firm AtHoc
BlackBerry snaps up communications provider despite major recent layoffs
Symantec Confirms Company Breakup
Symantec confirms breakup of company into two separate entities: security and information management
Sony Announces Major US Job Cuts, Store Closures
Company to close two-thirds of its Sony Stores and lay off a thousand employees