Toronto Dominion Bank (TD) announced a significant restructuring plan that will see the bank wind down a $3 billion portfolio and eliminate approximately 2,000 jobs. This strategic move […]
Pemex Announces Major Layoffs as Restructuring Takes Aim at Financial Recovery
Mexico’s state oil company, Pemex, has announced plans to reduce its workforce by over 3,000 positions in an effort to alleviate a mounting financial burden. This restructuring follows […]
Pemex Announces Layoffs of 3,000 Employees Amid Restructuring
Mexican state oil company Pemex is embarking on a major restructuring plan, which includes the layoff of over 3,000 experienced employees. This cost-cutting measure comes amidst mounting financial […]
Nike Restructures Technology Division, Laying Off Employees
Nike, the global sportswear giant, has initiated layoffs within its technology division as part of a larger strategic overhaul. The move comes under new CEO Elliott Hill and […]
Gitcoin Closes Grants Lab Amid Restructuring, Shifts Focus to Core Projects
Gitcoin has announced the closure of its Grants Lab, a key initiative designed to support open-source projects, as part of a broader restructuring effort. This decision follows a […]
WazirX Set To Relaunch Following Major $234M Hack, Singapore Court Decision looms
Following a devastating $234.9 million hack in July 2024, India’s cryptocurrency exchange WazirX is preparing for its relaunch. The company’s restructuring and user compensation proposal faces a crucial […]
Intel Announces Workforce Reduction Amidst Restructuring Efforts
Intel is planning a significant workforce reduction this week, with an anticipated layoff affecting over 20% of its staff. This strategic move aims to streamline operations and optimize […]
U.S. State Department Overhaul Aims to Streamline Operations
The U.S. Secretary of State, Rubio, recently announced a comprehensive restructuring plan for the State Department. This plan aims to reduce costs and improve efficiency in line with […]
WazirX Restructuring to Proceed with Court Hearing Set for May 13th in Singapore
WazirX has announced a positive development regarding its restructuring plan. The company recently shared that the Sanction Application is now filed with the Singapore Court, and a hearing […]
WazirX Achieves Key Milestone: Over 93% of Creditors Vote in Favor of Restructuring Plan
India’s WazirX, formerly one of the nation’s largest cryptocurrency exchanges, has taken a crucial step toward recovery. On April 7th, Zettai Pte Ltd., the Singapore-based parent company of […]
Over 90% of WazirX Creditors Approve Restructuring Plan
WazirX has received overwhelming support for its restructuring plan, with over 90% of creditors voting in favor. This crucial step clears the path for a Singapore court review […]
Overwhelming Support for WazirX Restructuring Plan
WazirX, a prominent Indian cryptocurrency exchange, has received overwhelming support for its restructuring plan from creditors. The Singapore-based company’s Scheme of Arrangement was voted on by over 141,000 […]
WazirX Restructures Following Hack, Securing Over 90% Creditor Support
History suggests that similar incidents in the crypto sector have led to widespread overhauls. This restructuring plan aims to address vulnerabilities more comprehensively, as Jason Kardachi, stated, “Efforts […]