Quantron is out of insolvency: founder Andreas Haller has taken over the company - Sustainable BusQuantron emerges from insolvency proceedings with a renewed strategy and focus on resilience and profitability.
TikTok staffers say Chinese leadership has been tightening its grip over US operationsTikTok's leadership is increasingly shifting towards Chinese executives amid US executive departures.
Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yetHooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.
Major jolt to European battery ambitions: Northvolt files for Chapter 11 bankruptcy protection in US, CEO steps down - Silicon CanalsNorthvolt filed for Chapter 11 in the U.S. to reorganise debt while continuing to operate normally during the process.
Big Lots is closing more stores: Full list of locations across 25 states in October Chapter 11 bankruptcy filingBig Lots is rapidly closing stores to stabilize operations amid financial troubles.
Meet the 35-year-old CEO who wants to turn around bankrupt Red LobsterDamola Adamolekun has been appointed CEO of Red Lobster to lead the company through its bankruptcy restructuring.
Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yetHooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.
Major jolt to European battery ambitions: Northvolt files for Chapter 11 bankruptcy protection in US, CEO steps down - Silicon CanalsNorthvolt filed for Chapter 11 in the U.S. to reorganise debt while continuing to operate normally during the process.
Big Lots is closing more stores: Full list of locations across 25 states in October Chapter 11 bankruptcy filingBig Lots is rapidly closing stores to stabilize operations amid financial troubles.
Meet the 35-year-old CEO who wants to turn around bankrupt Red LobsterDamola Adamolekun has been appointed CEO of Red Lobster to lead the company through its bankruptcy restructuring.
Morrisons to shut 52 cafes and 17 stores as part of major shake-upThe Independent plays a crucial role in providing accessible quality journalism during critical social issues.
Morrisons store in Croydon set to close as part of huge set of closuresMorrisons is closing 17 convenience stores and 52 cafes due to restructuring efforts amid local challenges.
Morrisons to shut 52 cafes and 17 stores as part of major shake-upThe Independent plays a crucial role in providing accessible quality journalism during critical social issues.
Morrisons store in Croydon set to close as part of huge set of closuresMorrisons is closing 17 convenience stores and 52 cafes due to restructuring efforts amid local challenges.
Hudson's Bay files for creditor protection, intends to restructure business | CBC NewsHudson's Bay files for creditor protection to restructure amidst economic challenges.
Topshop could return to high street after Asos sells stake for 135mAsos sold a 75% stake in Topshop to Heartland, aiming to reduce debts and enhance brand visibility.
Hudson's Bay files for creditor protection, intends to restructure business | CBC NewsHudson's Bay files for creditor protection to restructure amidst economic challenges.
Topshop could return to high street after Asos sells stake for 135mAsos sold a 75% stake in Topshop to Heartland, aiming to reduce debts and enhance brand visibility.
LiveRamp to Lay Off 5% of Workforce in RestructuringLiveRamp is undergoing layoffs to streamline operations and focus on profitability amidst evolving adtech demands.
Workday to cut 1,750 jobs, shift focus to AI and global expansionWorkday's layoffs aim to pivot towards AI and international growth, but raise concerns about potential customer service disruptions during the transition.
Massachusetts' largest pharmaceutical company is laying off employees againTakeda has announced layoffs totaling close to 1,000 employees as part of a multi-year efficacy program aimed at ensuring future growth.
Skip the Dishes, parent company laying off hundreds of employees in Canada | CBC NewsSkip the Dishes and Just Eat Takeaway.com are laying off about 800 Canadian employees to streamline operations and ensure sustainable growth.
Intel is fighting a perception battleIntel is taking drastic measures to improve its financial situation after a period of instability.
Gwyneth Paltrow's Goop undergoes second round of layoffs in two monthsGoop is restructuring to focus on beauty, fashion, and food amidst staff layoffs aimed at optimizing efficiency.
LiveRamp to Lay Off 5% of Workforce in RestructuringLiveRamp is undergoing layoffs to streamline operations and focus on profitability amidst evolving adtech demands.
Workday to cut 1,750 jobs, shift focus to AI and global expansionWorkday's layoffs aim to pivot towards AI and international growth, but raise concerns about potential customer service disruptions during the transition.
Massachusetts' largest pharmaceutical company is laying off employees againTakeda has announced layoffs totaling close to 1,000 employees as part of a multi-year efficacy program aimed at ensuring future growth.
Skip the Dishes, parent company laying off hundreds of employees in Canada | CBC NewsSkip the Dishes and Just Eat Takeaway.com are laying off about 800 Canadian employees to streamline operations and ensure sustainable growth.
Intel is fighting a perception battleIntel is taking drastic measures to improve its financial situation after a period of instability.
Gwyneth Paltrow's Goop undergoes second round of layoffs in two monthsGoop is restructuring to focus on beauty, fashion, and food amidst staff layoffs aimed at optimizing efficiency.
Private equity firm to acquire Walgreens for just under $10 billionWalgreens is being acquired by Sycamore Partners for $11.45 per share to facilitate its turnaround after years of financial struggles.
TGI Fridays close to rescue deal' that could save more than 2,000 UK jobsA rescue deal for TGI Fridays UK could save over 2,000 jobs by selling up to 55 restaurants to new owners.
Private equity firm to acquire Walgreens for just under $10 billionWalgreens is being acquired by Sycamore Partners for $11.45 per share to facilitate its turnaround after years of financial struggles.
TGI Fridays close to rescue deal' that could save more than 2,000 UK jobsA rescue deal for TGI Fridays UK could save over 2,000 jobs by selling up to 55 restaurants to new owners.
GM to launch widespread job cuts at its software division: reportGM is cutting over 1,000 jobs in its software division to optimize operations and speed up decision-making.
Estee Lauder to axe up to 7,000 jobs as global sales declineEstée Lauder plans to cut as many as 7,000 jobs due to rising costs and trade uncertainties.
Cisco to cut thousands of roles in second batch of layoffs this yearCisco plans more job cuts to focus on high-growth areas amidst economic changes.
Right-sizing' Manchester United - what it's like when INEOS 'rips off the Band-Aid'Manchester United intends to cut 250 jobs as part of cost-trimming efforts led by Sir Jim Ratcliffe, affecting non-football staff across different departments.
GM to launch widespread job cuts at its software division: reportGM is cutting over 1,000 jobs in its software division to optimize operations and speed up decision-making.
Estee Lauder to axe up to 7,000 jobs as global sales declineEstée Lauder plans to cut as many as 7,000 jobs due to rising costs and trade uncertainties.
Cisco to cut thousands of roles in second batch of layoffs this yearCisco plans more job cuts to focus on high-growth areas amidst economic changes.
Right-sizing' Manchester United - what it's like when INEOS 'rips off the Band-Aid'Manchester United intends to cut 250 jobs as part of cost-trimming efforts led by Sir Jim Ratcliffe, affecting non-football staff across different departments.
Macy's store in Mass. among dozens closing across the U.S.Macy's is closing 66 stores as part of a strategic plan to focus on profitable locations and sustainability.
Macy's store closures: Full list and map of doomed locations announced in 2025 as clearance sales beginMacy's is closing 64 additional stores to enhance profitability, part of a broader strategy to streamline operations.The closure plan includes a total of 150 stores by early 2027.
Macy's store in Mass. among dozens closing across the U.S.Macy's is closing 66 stores as part of a strategic plan to focus on profitable locations and sustainability.
Macy's store closures: Full list and map of doomed locations announced in 2025 as clearance sales beginMacy's is closing 64 additional stores to enhance profitability, part of a broader strategy to streamline operations.The closure plan includes a total of 150 stores by early 2027.
Dragons' Den star Sara Davies retakes Crafter's Companion reins amid pre-pack rescueDavies is regaining control of Crafter's Companion through a pre-pack insolvency deal to address significant financial challenges.
Another Major Bike Brand Announces Restructure to Avoid BankruptcyRocky Mountain Bicycles is filing for CCAA to restructure and avoid disruptions amid financial pressures and post-pandemic market challenges.
French state waves 625M for Atos's Advanced Computing unitAtos is negotiating the sale of its Advanced Computing assets to the French government, reflecting efforts to improve financial stability.
Advance Auto Parts to close stores across OregonAdvance Auto Parts will close over 700 stores nationwide, including several in Oregon, as part of an operational restructuring.
All the north London post offices that may face closureThe Post Office is facing significant restructuring, with 115 branches at risk of closure, including several in north London.
Post Office could close 115 branches with jobs at riskThe Post Office is undergoing significant restructuring, risking numerous jobs and branches, to address financial losses and competition in the market.
All the north London post offices that may face closureThe Post Office is facing significant restructuring, with 115 branches at risk of closure, including several in north London.
Post Office could close 115 branches with jobs at riskThe Post Office is undergoing significant restructuring, risking numerous jobs and branches, to address financial losses and competition in the market.
23andMe cuts 40% of staff in restructuring | TechCrunch23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.
DNA-testing site 23andMe to lay off 40% of its workers23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.
23andMe cuts 40% of staff in restructuring | TechCrunch23andMe is cutting 40% of its workforce and discontinuing its therapeutics business to focus on its core consumer operations.
DNA-testing site 23andMe to lay off 40% of its workers23andMe is cutting 40% of its workforce and halting therapy developments to focus on its core consumer business amid financial struggles.
Nissan CEO Cuts Salary in Half, Company Laying Off 9,000 | EntrepreneurNissan reports a loss prompting 9,000 job cuts and a CEO salary cut of 50% as part of a restructuring effort.
Asda to cut 475 jobs and reduce hybrid workingAsda is restructuring to align with long-term business goals and simplify operations.TDR Capital now holds a 67.5% stake in Asda after acquiring shares from Zuber Issa.
Mulberry rejects revised Frasers takeover bid as "unwanted distraction"Challice, Mulberry's largest shareholder, rejected Frasers Group's takeover bid, calling it a distraction during crucial restructuring.
Croydon TGI Friday's set to close after chain enters administrationTGI Fridays in Croydon is closing as part of a larger administration process impacting 35 restaurants across the UK.
Office Depot owner loses over 50m thanks to working from homeOffice Depot's owner cites work-from-home trend as a major factor in significant financial losses leading to plans to exit the UK market.
Dublin nightlife pioneers 'step back' from Press Up group of bars and hotelsPress Up Holdings has sold key assets and shifted operational control to Cheyne Capital, marking a significant change in its leadership.
Gwyneth Paltrow's Goop is cutting 18% of staff as it scrambles to change strategyGoop is restructuring to focus more on beauty, fashion, and food, resulting in layoffs.
Intel's faltering business is attracting another chipmakerQualcomm is reportedly interested in acquiring parts of Intel's client PC design unit as Intel works to revive its faltering business.
Intel CEO to pitch board on plans to shed assets, cut costs, source saysIntel is restructuring to revive its fortunes by cutting costs and potentially selling off parts of the business.
Intel's faltering business is attracting another chipmakerQualcomm is reportedly interested in acquiring parts of Intel's client PC design unit as Intel works to revive its faltering business.
Intel CEO to pitch board on plans to shed assets, cut costs, source saysIntel is restructuring to revive its fortunes by cutting costs and potentially selling off parts of the business.
Coors slammed for 'ghosting the community' after dropping its DEI initiativesCoors beer has officially discontinued its Diversity, Equity, and Inclusion initiatives, citing external pressures related to anti-LGBTQ+ sentiments.
The Drum's Daily Briefing: Dr Martens needs revitalization and Superdry seeks salvationDr Martens facing tough times in the US market, stocks plunge 30% to all-time low.