Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.
American restaurant chain Smokey Bones, a direct competitor to TGI Fridays, has suddenly closed several of its UK branches. The closures are part of a major strategic review, leaving customers and staff surprised. Find out which locations are affected and
Iconic accessories retailer Claire's is set to close several of its UK stores as part of a major Company Voluntary Arrangement (CVA) restructuring plan, impacting the British high street.
Exclusive: Lloyds Banking Group launches a sweeping operational review, putting 1,600 roles under consultation while simultaneously creating 830 new positions in a strategic shift towards enhanced digital services.
Major creditors have tabled a radical £20 billion restructuring plan to rescue Thames Water from administration, aiming to secure the future of Britain's largest water company and prevent a national crisis.
Laurent Freixe, the long-serving CEO of Nestlé UK & Ireland, has been abruptly dismissed as the food giant scraps its regional management boards in a major corporate overhaul.
Exclusive: Chancellor Rachel Reeves pushes for significant losses for Thames Water's creditors in a radical restructuring plan, aiming to protect billpayers from the burden of the utility's massive debt.
US budget carrier Spirit Airlines files for Chapter 11 bankruptcy, its second filing in 11 years, as it grapples with mounting debts and fierce industry competition, casting uncertainty over its future operations.
Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.
Ford Motor Company announces significant job cuts, eliminating 1,400 positions across Michigan and New York as part of its strategic shift toward electric vehicle production.
Exclusive report: CBS News makes dramatic cuts, parting ways with broadcasting icon Gayle King and executive Neeraj Khemlani in a sweeping overhaul by parent company Paramount Global.
Major Australian universities are cutting hundreds of academic jobs and dozens of courses amid financial pressures and government funding reforms, sparking protests and concerns about the future of higher education.
Costa Coffee, the UK's largest coffee shop chain, is slashing 1,650 jobs in a devastating blow to the high street. The drastic cuts come as parent company Coca-Cola implements a major restructuring plan to address changing consumer habits post-lockdown.
Hundreds of TikTok's UK-based trust and safety roles are at risk as the video-sharing giant launches a major global restructure, leaving employees devastated.
TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.
Exclusive: The Welsh Rugby Union is poised to confirm a seismic restructuring plan that could see the number of professional teams slashed in a desperate bid to secure the future of the game in Wales.
CBS News announces major changes to its evening broadcast format, resulting in the departure of two prominent anchors. Discover the details behind this dramatic restructuring.
Industrialist Sanjeev Gupta is preparing a final attempt to salvage Liberty Steel’s specialty division, as creditors and regulators close in. Will his strategy be enough to save jobs and stabilise the business?
ITV production staff express outrage as the broadcaster announces sweeping job cuts, leaving many fearing for their futures in the television industry.
Iconic American companies are battling a wave of bankruptcies as consumer demand collapses, forcing urgent restructuring across key sectors.
Supermarket giant Morrisons announces plans to axe 3,600 roles as part of a restructuring effort, closing warehouses and revamping stores. Find out how this impacts employees and shoppers.
Papa John's is set to close 70 of its UK stores as part of a major restructuring plan. Find out which locations are affected and why the pizza chain is making these cuts.
Bruno Famin confirms Alpine F1's sweeping changes as Philippe Krief takes over from David Provost in a bid to revive the team's fortunes.
HSBC reveals plans to slash hundreds of jobs in Canada as part of a broader cost-cutting strategy, raising concerns over its long-term commitment to the market.
WAG, a California-based retail company, has filed for Chapter 11 bankruptcy, citing financial difficulties. The move aims to restructure debts while keeping stores operational.
The UK government is set to transfer hundreds of Department for Transport civil servants to the state-owned rail operator, marking a significant restructuring of rail governance.
ITV is set to axe more than 200 jobs as part of a major restructuring plan to cut costs and streamline operations. The broadcaster aims to save £50 million annually amid industry challenges.
High street fashion chain River Island is on the brink of collapse after landlords refused to back a vital restructuring plan, putting thousands of jobs at risk.
Hundreds of jobs at Transport for NSW are set to be axed as part of a major restructuring effort, sparking concerns among employees and unions.
Craft beer giant BrewDog is shutting down several of its bars, including locations in Aberdeen and London, as part of a strategic overhaul to streamline operations.