[ad_1] Rent the Runway is putting in place another restructuring plan that includes cutting about 10% of its corporate roles. The fashion subscription company on Tuesday said the turnaround plan…
Tag: Corporate Organizational Restructuring
Newell Brands to Cut 7% of Office Roles, Reduce Footprint
[ad_1] Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment. The Atlanta-based maker of Rubbermaid and Sharpie said it…
Radio Broadcaster Audacy Files for Bankruptcy
[ad_1] Jan. 7, 2024 10:27 am ET|WSJ Pro Audacy filed for bankruptcy Sunday, succumbing to a steep decline in radio advertising. The Philadelphia-based broadcaster filed a chapter 11 petition in…
Nation’s Biggest Hospital Landlord Suffers New Losses
[ad_1] Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent,…
Once Unstoppable, Alibaba Is Now Faltering
[ad_1] Updated Dec. 7, 2023 12:03 am ET SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible. Now, it is stuck in a slump. The e-commerce giant was a major…
China Evergrande Avoids a Debt Disaster—for Now
[ad_1] China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday. The company,…
Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain
[ad_1] Updated Dec. 4, 2023 12:29 pm ET Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization. The Spanish telecommunications company…
Casino Confirms It Has Received Expressions of Interest for the Sale of Stores
[ad_1] Casino Guichard-Perrachon said that it has received preliminary expressions of interest for the acquisition of hypermarket and supermarket stores. The company and a consortium led by EP Equity Investment…