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RESTRUCTURING
Oil major BP to cut 700 jobs as it streamlines operations: ReportBP plans to cut approximately 700 non-frontline global workforce roles. These reductions will impact about eight percent of production and ...- Tata Steel Q1 Results: Profit rises 15% to Rs 2,318 crore, revenue climbs 14%Tata Steel reported a 15% year-on-year rise in Q1 consolidated net profit to Rs 2,318 crore, driven by higher revenue and stronger operatin...
- BMW CEO vows to overhaul business after disappointing first halfThe company's forecast range of 1% to 3% for its core operating margin includes a 1.25 percentage-point burden from workforce restructurin...
- Cognizant logs marginal dip in Q2 net, revenue rises 4.5%The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant cu...
- Three cheers & three chairs: P&G veteran Shailesh Jejurikar to add chairman's roleShailesh Jejurikar will assume the additional role of chairman from August. He recently became the first Indian-origin president and chief ...
- Air India turnaround to take 5-10 years, says Tata Sons' ChandrasekaranTata Sons chairman N. Chandrasekaran said Air India's turnaround will take five to 10 years, citing supply-chain constraints, legacy system...
- Anicut Capital takes over Bira founder Ankur Jain's stake, to lead restructuringAnicut Capital has taken over B9 Beverages founder Ankur Jain's shares. The venture debt provider will now lead the troubled company's rest...
- Krutrim trims staff again, this time by another halfThe fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original ful...
- No proposal for one-time waiver of loans of small, marginal farmers: MoS FinanceThe government has no current proposal for a one-time loan waiver for farmers. The Reserve Bank of India offers financial restructuring opt...
- Porsche to cut another 5,000 jobsPorsche will eliminate another five thousand jobs by the year 2035. This decision follows previous job cuts and is part of restructuring me...
- Audi must work with Volkswagen to realign business, says CFOAudi's finance chief stated the premium brand needs restructuring with Volkswagen. Declining sales in China and the United States are creat...
- Nothing says it is not exiting markets. Its restructuring suggests a broader reset is underwayNothing is reorganizing its business by creating dedicated units and regional hubs. The company denies shutting down operations in multiple...
- Restorative practiceSolitude offers a vital healing process amidst life's constant noise. It fosters introspection and mental restructuring, unlike negative lo...
- Volkswagen scraps revenue growth forecast as tariffs, China weighVolkswagen now expects sales revenue to decline by up to three percent this year. The company announced a radical overhaul to counter costl...
- Govt revamps housing ministry with two new departmentsThe Ministry of Housing and Urban Affairs has been reorganized into two distinct departments. The Department of Capital Development will ma...
- Nokia says AI, cloud boosted sales in second quarterFinnish telecommunications equipment maker Nokia said that demand for its AI and cloud services drove sales higher in the second quarter, b...
- Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
- Tata Communications flags role cuts, takes Rs 44.78 cr chargeTata Communications is restructuring its organization, incurring a one-time staff cost optimization charge. The company reported a decline ...
- MTNL liabilities reach Rs 40,000 cr in FY26; no restructuring plan in work: Jyotiraditya ScindiaMTNL's liabilities have reached approximately forty thousand crore rupees by fiscal year 2025-26. Government measures have helped MTNL beco...
- Karl Ravech ESPN exit: Veteran broadcaster reportedly leaves network after 30 years, career, net worth and moreKarl Revech a longtime ESPN commentator has reportedly been released by network. This move follows the recent layoff of former NFL player R...
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