Business
GitLab announces layoffs and restructuring for 'agentic era' as AI reshapes developer tools economics
TL;DR GitLab announced a restructuring that will flatten management, cut its country footprint by 30 per cent, and reorganise R&D into 60…
Tag
restructuring
Business
Ubisoft set to cut up to 200 jobs headquarters in restructuring
Ubisoft Entertainment has entered discussions to cut as many as 200 jobs at its French headquarters as part of a reorganisation of the…
Business
AirAsia X targets up to US$600 million debt restructuring after combining airlines
Malaysia’s AirAsia X targets US$500 million to US$600 million in debt restructuring after the budget airline this week bought the…
Business
FMC to launch restructuring plan, targets plant closures and Asia cost cuts
Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down…
Business
Nissan sells Yokohama headquarters for 97 billion yen as part of restructuring
Nissan Motor said on Thursday it has concluded a 97 billion yen (S$840 million) trust beneficiary rights transfer agreement to sell and…
Business
ANZ flags A$1.1 billion second-half profit hit from restructuring, compliance costs
Australia’s ANZ warned on Friday that its earnings would take a hit of A$1.11 billion (S$937.5 million) after tax in the second half of…
Business
Restructuring Expert Michael Appel Dishes on Footwear’s Prospects in 2026
News spoke with restructuring expert Michael Appel of Appel Associates LLC to get his read on retail and the shoe industry against the…
Business
Lum Chang could ride on construction upcycle, restructuring to high single-digit profit growth: analyst
Tickrs Financial Singapore initiatives coverage on the stock with a ‘buy’ call and target price of S$0.525 Mainboard-listed construction…
Business
Aeffe Shares Plunge 43% as Group Seeks Financial Restructuring
MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday. This followed Aeffe’s decision…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Business
Starbucks store closings: 59 unionized locations on doomed list in coffee chain restructuring
On the heels of Starbucks’ recent announcement it will be cutting 900 corporate roles and closing 1% of its Northern American stores by…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Ozempic-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish…
Business
Intel to Lay-Off 24,000 Employees, Scrap Europe Projects in Major Restructuring Drive
Intel is set to slash about 24,000 jobs—nearly a quarter of its global workforce—by the end of 2025 as part of a sweeping cost-cutting…
News
Stellantis expects US$2.7 billion first half loss as restructuring costs, US tariffs hit
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the…
Business
Thai Airways exits debt restructuring plan with court approval
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its…
Business
Canal+ Group Sees Share Price Jumps by 9% After Confirming its 2025 Revenue Outlook, Settlement With National Film Board and ‘Progress on Restructuring Plan’
Six months after getting listed at the London Stock Exchange, Canal+ Group saw its share price rise by 9% to £2.19 per share on June 6 as…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Business
Nissan sees 750 billion yen loss as restructuring charges mount
Nissan Motor said it will post a net loss of as much as 750 billion yen (S$6.9 billion) for the fiscal year that ended in March as…
Business
Vietnam central bank preparing restructuring plan for troubled lender SCB
Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre…
Business
Coalition urges California attorney general to halt OpenAI's for-profit restructuring
SAN FRANCISCO — A coalition of California nonprofits, foundations and labor groups are raising concerns about ChatGPT maker OpenAI, urging…
Business
Several key executives exit SingPost amid restructuring retrenchment
The company is left with group chief operating officer Neo Su Yin, group CFO Isaac Mah, acting CEO for the international business unit Gan…