Major Restructuring
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Intel CEO Lip-Bu Tan Flattens Leadership Structure, Names New AI Chief, Memo Says
Intel CEO Lip-Bu Tan is flattening the semiconductor giant's leadership, with key chip divisions now reporting directly to him, as per a memo seen by Reuters. The restructuring aims to turnaround the chipmaker after years of challenges, streamlining decision-making for its data centre, AI, and PC chip groups.
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WazirX's Restructuring Scheme Approved by Over 93 Percent Creditors, Refunds to Start Soon
WazirX's proposed restructuring scheme has been approved by majority voters, Zettai announced on Monday, April 7. Zettai stated that 141,476 creditors took part in the voting process out of which 131,659 creditors approved the scheme.
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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Sally Buzbee, First Woman Editor Of Washington Post In 150 Years, Resigns
The executive editor of the Washington Post, Sally Buzbee, has abruptly stepped down from the role, as the storied American newspaper undergoes a major restructuring, its chief executive said late Sunday.
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'Lord of the Rings' Owner Embracer Group Announces Plan to Split Into 3 Standalone Companies: Details
Embracer Group, the embattled gaming conglomerate that owns the rights to the ‘Lord of the Rings’ franchise, has announced that it is splitting into three different companies. The group, which went through significant restructuring this year and sold off major game studios like Saber Interactive and Gearbox to reduce debt, will separate into As...
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Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
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BYJU's Lays Off Close To 1,000 Employees Across All Departments: Report
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.
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Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
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Yahoo To Lay Off More Than 20% Of Staff: Report
Yahoo Inc plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, Axios reported on Thursday, citing company executives.
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Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
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Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
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Unilever Announces Job Cuts Globally Amid Restructuring
Unilever on Tuesday announced plans to cut around 1,500 management jobs worldwide under a major restructure of the British consumer goods giant
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Amazon Could Be Hit as India Is Said to Plan Foreign Investment Rule Changes
India is considering revising its foreign investment rules for e-commerce in a move that could compel players including Amazon to restructure their ties with some major sellers.
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India Weighs Foreign Investment Changes That Could Hit Amazon: Report
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers
-
Intel CEO Lip-Bu Tan Flattens Leadership Structure, Names New AI Chief, Memo Says
Intel CEO Lip-Bu Tan is flattening the semiconductor giant's leadership, with key chip divisions now reporting directly to him, as per a memo seen by Reuters. The restructuring aims to turnaround the chipmaker after years of challenges, streamlining decision-making for its data centre, AI, and PC chip groups.
-
WazirX's Restructuring Scheme Approved by Over 93 Percent Creditors, Refunds to Start Soon
WazirX's proposed restructuring scheme has been approved by majority voters, Zettai announced on Monday, April 7. Zettai stated that 141,476 creditors took part in the voting process out of which 131,659 creditors approved the scheme.
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
Sally Buzbee, First Woman Editor Of Washington Post In 150 Years, Resigns
The executive editor of the Washington Post, Sally Buzbee, has abruptly stepped down from the role, as the storied American newspaper undergoes a major restructuring, its chief executive said late Sunday.
-
'Lord of the Rings' Owner Embracer Group Announces Plan to Split Into 3 Standalone Companies: Details
Embracer Group, the embattled gaming conglomerate that owns the rights to the ‘Lord of the Rings’ franchise, has announced that it is splitting into three different companies. The group, which went through significant restructuring this year and sold off major game studios like Saber Interactive and Gearbox to reduce debt, will separate into As...
-
Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
-
BYJU's Lays Off Close To 1,000 Employees Across All Departments: Report
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.
-
Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
-
FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
-
Yahoo To Lay Off More Than 20% Of Staff: Report
Yahoo Inc plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, Axios reported on Thursday, citing company executives.
-
Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
-
Tencent’s WeChat Blocks NFT-Linked Public Accounts as China Tightens Crypto Supervision
Chinese tech major Tencent has restructured its policies in order to clampdown on the trade of risky NFTs via its WeChat app. The aim is to prevent digital asset players from violating the laws using WeChat and to save investors from the risks of financial losses. Mini apps linked to NFTs, operating on the WeChat platform, are only allowed to displ...
-
Unilever Announces Job Cuts Globally Amid Restructuring
Unilever on Tuesday announced plans to cut around 1,500 management jobs worldwide under a major restructure of the British consumer goods giant
-
Amazon Could Be Hit as India Is Said to Plan Foreign Investment Rule Changes
India is considering revising its foreign investment rules for e-commerce in a move that could compel players including Amazon to restructure their ties with some major sellers.
-
India Weighs Foreign Investment Changes That Could Hit Amazon: Report
India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers
