Shares of Paramount Global Inc. were up after hours on Wednesday after the media and…
Corporate Organizational Restructuring
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STOCK MARKET
Dating app Bumble to lay off about 37% of workforce as it looks to drive growth
by userby userOnline-dating company Bumble Inc. will lay off approximately 350 workers — about 37% of its…
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Expedia Group Inc. said late Monday it expects to lay off about 1,500 employees as…
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STOCK MARKET
Barclays vows to cut costs by £2 billion and return £10 billion to shareholders
by userby userBarclays on Tuesday outlined plans to restructure its business with a view to cutting its…
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STOCK MARKET
Big Lots, Express and Children’s Place could spell more trouble for commercial real estate, Barclays says
by userby userSigns of distress at retailers Big Lots Inc., Express and the Children’s Place could spell…
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Warner Music Group Corp. is planning to lay off about 600 employees, or around 10%…
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Procter & Gamble Co.’s stock rose 1.2% premarket Tuesday, after the consumer goods giant beat…
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STOCK MARKET
Nike eyes $2 billion in cost cuts in effort to ‘streamline’ amid softer outlook
by userby userNike Inc. on Thursday said it was looking for ways to save $2 billion over…
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STOCK MARKET
Citigroup to close distressed-debt desk as bank’s overhaul continues: reports
by userby userCitigroup Inc. is reportedly closing its distressed-debt business as the latest part of Chief Executive…
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STOCK MARKET
Etsy to cut 11% of staff as CEO says company is on ‘unsustainable trajectory’
by userby userEtsy Inc. shares fell more than 7% in Wednesday trading to place among the S&P…