Amazon has declared plans to eliminate 16000 jobs across its global operations as part of a second round of layoffs aimed at streamlining the company’s structure. This decision follows an
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Chicago Bridge and Iron Company has acquired Petrofac’s Aberdeen-based engineering and operations division in a rescue transaction that preserves approximately 3,000 positions within the United Kingdom’s energy sector. The Texas-based
iRobot, the Massachusetts-based pioneer of robotic vacuum cleaners, has filed for bankruptcy protection in the United States and will be acquired by its primary Chinese supplier after facing heightened competition
OpenAI has completed a sweeping corporate restructuring that values the firm at a staggering $500 billion dollars and brings Microsoft’s ownership of the ChatGPT maker to a substantial 27 per
Starling Bank, the fast-rising UK digital bank, has taken significant steps towards a potential initial public offering by restructuring its corporate framework. Updated filings at Companies House reveal the creation
Britain’s leading advertising group WPP has issued an unscheduled profit warning, causing its shares to plummet nearly 18 per cent as clients dramatically reduced spending in June. The company is
WeightWatchers is embarking on a transformative journey following a significant debt restructuring, positioning itself to compete in the evolving landscape of weight management solutions. The company, which recently emerged from
The tech behemoth Microsoft has unveiled plans to reduce its global workforce by approximately 9,000 positions, representing 4% of its staff, as the organisation pivots towards enhanced artificial intelligence capabilities
BT’s chief executive Allison Kirkby has indicated that artificial intelligence advancements might lead to more extensive job cuts at the FTSE 100 telecommunications giant, extending beyond its existing plan to
Alvarez & Marsal, the New York-based professional services giant, has placed its potential value at up to $18 billion in a private presentation to its partners. The valuation, revealed during
Listed retailer THG has firmly rejected a significant takeover offer for its MyProtein brand, valuing the nutrition business between £400 million and £600 million. The bid, originating from former board
Consumer goods giant Reckitt Benckiser has signalled potential delays in its planned divestment of homecare brands, citing challenging market conditions amid weaker-than-anticipated first-quarter performance. The company’s chief executive, Kris Licht,
One of Britain’s leading accountancy firms has shuttered operations across nine African nations as part of a strategic move to minimise exposure to risky markets and protect its global reputation.
A Hong Kong-based hedge fund has emerged as a significant force in the ongoing shake-up at British oil engineering firm Hunting PLC. Oasis Management, having accumulated more than 5 per
In a significant move that has sent ripples through the corporate world, Starbucks has revealed plans to lay off 1,100 corporate employees whilst closing hundreds of vacant positions. This restructuring
The FTSE 100 medical equipment manufacturer Smith & Nephew faces intensifying shareholder pressure to consider a corporate break-up ahead of its annual results next week, particularly if its struggling orthopaedics
