#Restructuring

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

Up to half of the employees at Le Locle manufacture could lose their jobs as the brand cuts models and production in restructuring after years of financial losses.

The content provider announced last week that it was planning to file in Delaware bankruptcy court after its near $4 billion merger with rival Shutterstock collapsed due to British antitrust challe…

General Motors is looking for engineers who can build AI systems from the ground up, rather than those who use AI only as a productivity tool.

Modella Capital, the owner of the chain that was formerly WH Smiths high street shops, has laid out its turnaround plan to the company’s creditors.

Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty fees

From Independent RSS Feed: Poundstretcher restructuring plan needed to avoid administration, court told

From The Register: Arctic Wolf kicks 250 employees out of the pack to save money for AI

The German company that pioneered one of the first mRNA coronavirus vaccines is halting production, handing the reins to partner Pfizer. BioNTech is restructuring to focus on research and illnesses like cancer.

Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company.…

Coinbase will cut about 700 jobs, or 14 per cent of its workforce, as it restructures to cut costs and adapt to rapid advances in artificial intelligence.

Cross-party group says closure of humanitarian unit will undermine monitoring of legal violations and arms exports

From Indianexpress RSS Feed: OnePlus and Realme might align teams as smartphone market pressure grows

From Reddit - r/accounting: Forvis Mazars Lays Off U.S. Workers in Restructuring

Lucrative deals are hard to come by these days for investors looking to extract value from distressed companies around the world. As global markets become increasingly sophisticated, success will be determined by those who know how to navigate local…