Major Restructuring
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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
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Nissan Sub-Compact SUV Along With 11 New Cars Teased Online
Nissan, the Japanese car manufacturer recently released a new teaser video on its official YouTube channel featuring its product plans over the next 18 months or so. The teaser video highlighted that the carmaker will be revealing at least 12 new cars before the end of next year. Apart from this, the company also went ahead to give the first glimps...
-
Volkswagen Tiguan Diesel To Be Discontinued From April 2020
With the BS6 norms kicking in, Volkswagen India has done some major restructuring to its current lineup. While the automaker has launched the updated Polo and Vento with the 1.0-litre petrol motor, the diesel versions have been discontinued. Similarly, the German auto giant is all set to boot the Tiguan diesel from its Indian line-up by the end of ...
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Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
-
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
-
Nissan Sub-Compact SUV Along With 11 New Cars Teased Online
Nissan, the Japanese car manufacturer recently released a new teaser video on its official YouTube channel featuring its product plans over the next 18 months or so. The teaser video highlighted that the carmaker will be revealing at least 12 new cars before the end of next year. Apart from this, the company also went ahead to give the first glimps...
-
Volkswagen Tiguan Diesel To Be Discontinued From April 2020
With the BS6 norms kicking in, Volkswagen India has done some major restructuring to its current lineup. While the automaker has launched the updated Polo and Vento with the 1.0-litre petrol motor, the diesel versions have been discontinued. Similarly, the German auto giant is all set to boot the Tiguan diesel from its Indian line-up by the end of ...
-
Walmart Fires 56 India Executives Including 8 From Senior Management
Walmart has laid off 56 of its India executives as it restructures business in the country. Walmart is looking for ways to operate more efficiently, which requires it to review its corporate structure "to ensure that we are organized in the right way", said Krish Iyer, president and CEO of the US-based retail major's India unit. The fired executive...
