restructuring

Intel Interim CEOs Hint At Selling Foundry Business

After Pat Geslinger ousting, Intel's interim CEOs admit firm may be forced to sell Foundry business if new chip-making tech…

1 week ago

Northvolt Files For Bankruptcy Protection In US

Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down

4 weeks ago

Northvolt Appoints Restructuring Expert For Main Battery Plant

Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries

1 month ago

Northvolt Mulls US Bankruptcy Protection – Report

Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option

1 month ago

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

2 months ago

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

3 months ago

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

3 months ago

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

7 months ago

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

9 months ago

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”

11 months ago

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

1 year ago

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…

1 year ago

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

1 year ago

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

2 years ago

Crypto.com Axes 20 Percent Of Staff

After the FTX collapse, Singapore's cryptocurrency exchange Crypto.com announces restructuring and axes staff

2 years ago

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…

2 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…

2 years ago

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…

2 years ago

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…

2 years ago

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

3 years ago

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

3 years ago

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”

4 years ago

Cisco Confirms Major Jobs Cull, Despite Profit Growth

Bad news for tech workers as networking giant confirms restructuring reports, despite £8.1 billion profit

8 years ago

Intel Posts Reduced Profit Amid Data Centre Slowdown

Intel reports a better than expected profit, but hefty cost cutting impacts chipmaker's bottom line

8 years ago

Yahoo Seeks Quick Sale Of Non-Core Assets

Restructuring includes potential sale of $1bn to $3bn worth of assets, Chief Financial Officer confirms

9 years ago

Toshiba Predicts Record-Breaking $4.5bn Loss

Troubled electronics giant will also cut nearly 7,000 jobs as its struggles continue

9 years ago

Sony Set To Split Off Semiconductor Business

New unit will look to promote image sensor business as Sony gets back in the black

9 years ago

Symantec Confirms Company Breakup

Symantec confirms breakup of company into two separate entities: security and information management

10 years ago