Oil giant Exxon Mobil is preparing to cut thousands of jobs worldwide in a corporate reshuffling. A spokesperson for Exxon confirmed to Barron’s on Tuesday that the company plans to cut 2,000 jobs, representing 3% to 4% of the energy company’s global workforce.The news was first reported by Bloomberg, which said that Exxon sent a memo to employees noting the company is consolidating smaller offices into regional hubs as part of a long-term restructuring plan. INVESTORS FEAR BIG OIL COULD CUT SHARE BUYBACKS ...

On September 25, Starbucks CEO Brian Niccol informed his employees in a public memo that the company would be cutting 900 corporate roles and closing down stores. Most Read from Fast Company However, the memo didn’t share exactly how many stores would close and where they’re located—leaving employees scrambling to compile that information on their own. Starbucks is framing the restructuring as a part of Niccol’s broader “Back to Starbucks” plan, a sweeping initiative designed to return Starbucks to its ...

Wolfspeed (WOLF) shares remained in focus on Friday as the semiconductor company announced plans of shifting its incorporation from North Carolina to Delaware by Sept. 29. The announcement, part of a broader restructuring effort, arrives as the silicon carbide and gallium nitride specialist continues to operate under Chapter 11 bankruptcy protection. More News from Barchart WOLF stock has been losing ground in recent weeks. At the time of writing, its down roughly 60% versus its 1-month high set on Sept ...

Tata Motors Limited (TML) on Friday said that the National Company Law Tribunal (NCLT) has sanctioned its Composite Scheme of Arrangement involving the demerger of its commercial vehicles business and the amalgamation of its passenger vehicles vertical. Most of the restructuring, which has been under consideration for over a year, will take effect from October 1.The company in a stock filing informed cessation of Independent Directors including Hanne Sorensen as a Non-Executive Independent Director from the ...

Starbucks (SBUX) announced plans to close unprofitable locations and cut corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. In a letter posted to its blog and sent to employees on Thursday, Niccol shared that the company plans to eliminate 900 non-retail roles and close open positions as part of a $1 billion restructuring effort. The memo said employees will be notified on Friday, Sept. 26, and will offer "severance and support packages including benefits extensions." "We will c ...

This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Nissan Motor Co. is continuing to shake up its global leadership as part of an overall effort to quickly turn around the financially struggling automaker, according to a Sept. 18 press release.   Massimiliano (Max) Messina, vice chairperson and SVP, chief finance, administration and strategy, for Nissan’s Africa, Middle East, India, Europe and Oceania region (A ...

Key TakeawaysOracle (ORCL) is reportedly in advanced discussions with Meta Platforms (META) for a substantial $20 billion AI cloud computing deal, highlighting the escalating demand for artificial intelligence infrastructure.Morningstar DBRS downgraded France's sovereign credit rating to AA from AA (high), shifting its trend to stable from negative, citing concerns over fiscal consolidation and political fragmentation. In contrast, Norway's AAA rating was confirmed with a stable trend.US bank deposits saw a ...

(Bloomberg) -- Anthology Inc. is laying the groundwork for a potential Chapter 11 bankruptcy that would see some secured lenders take control of the troubled education-software provider, according to people familiar with the situation.  The restructuring plan calls for an ad hoc group of lenders — led by Nexus Capital Management — to swap their debt for equity in a reorganized company, said the people, who asked not to be identified discussing a private matter. The Los Angeles-based private equity firm ha ...

公司裁员情况 - 狮门娱乐将裁减5%的全公司员工 涉及约50名员工[1] - 此前已裁员8% 两轮裁员后总裁员比例达13%[1] - 裁员旨在提高运营效率 为公司未来增长定位[2] 行业环境与公司战略调整 - 行业环境面临前所未有的变革和颠覆[3] - 公司已完成狮门与STARZ的分拆 使其成为独立运营实体[3] - 持续剥离非核心资产 将资源重新配置到增长业务领域[3] - 今年工作室已裁员约8% 本次追加5%裁员[4] - 本次裁员基本完成为期一年的公司重组过程[4] 公司核心优势 - 拥有全球最大最具价值的影视内容库之一[5] - 具备优质IP组合和深厚的内容生产渠道[5] - 拥有顶尖的创业型人才团队[5]

(Bloomberg) -- Anthology Inc. is laying the groundwork for a potential Chapter 11 bankruptcy that would see some secured lenders take control of the troubled education-software provider, according to people familiar with the situation.  The restructuring plan calls for an ad hoc group of lenders — led by Nexus Capital Management — to swap their debt for equity in a reorganized company, said the people, who asked not to be identified discussing a private matter. The Los Angeles-based private equity firm ha ...