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Restructuring

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Layoffs
Commentary
Most business turnarounds fail. Here’s why the best ones cut to strength
By Daniel SchmeltzSeptember 22, 2025
Julie Sweet
Success
How Accenture CEO Julie Sweet communicated a major restructuring to 770,000 employees across 120 countries without ever sending a memo
By Dave SmithSeptember 1, 2025
Oliver Blume, chief executive officer of Volkswagen AG, during the company's annual news conference in Wolfsburg, Germany, on Tuesday, March 11, 2025
Companies
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world
By Christiaan HetznerJuly 21, 2025
Julius Baer announces 400 job cuts, executive board revamp
Finance
Julius Baer announces 400 job cuts, executive board revamp
By Noele Illien and BloombergFebruary 3, 2025
HSBC managers are competing to keep their jobs in CEO’s revamp
Finance
HSBC managers are competing to keep their jobs in CEO’s revamp
By Ambereen Choudhury, Harry Wilson and BloombergNovember 18, 2024
Anne Wojcicki, wearing a red dress, sits in a white chair as she speaks.
Tech
After its entire board resigned overnight, 23andMe will cut over 200 employees and its cancer research in an urgent bid to nurse the company back to health
By Sasha RogelbergNovember 12, 2024
shuttered TGI Fridays
Finance
TGI Friday’s is the latest fast-casual dining chain to go bankrupt
By Jonathan Randles and BloombergNovember 2, 2024
OpenAI CEO Sam Altman
AI
OpenAI may have exceeded the limits of its split corporate structure, experts say
By Thalia Beaty and The Associated PressOctober 12, 2024
Warren Buffett with Wilbur Ross (center).
Finance
My run-in with Warren Buffett involved a bankrupt textile mill—I outbid him, but he held no grudge: Wilbur Ross
By Wilbur L. Ross, Jr.September 9, 2024
Kellogg's cereal at the grocery store
Retail
Kellogg’s is reorganizing, downsizing, and cutting hundreds of jobs as U.S. cereal demand gets soggy
By Dee-Ann Durbin and The Associated PressAugust 6, 2024
Male and female business colleagues working against window in office
Finance
1 in 15 European companies face restructuring pressure, with Germany, Austria and the Nordics taking the lead
By Libby Cherry and BloombergJune 3, 2024
LVMH’s Belloni signs off after 23 years as second-in-command, amidst the luxury group’s reshuffle and longstanding succession suspense
Retail
LVMH’s Belloni signs off after 23 years as second-in-command, amidst the luxury group’s reshuffle and longstanding succession suspense
By Angelina Rascouet and BloombergMarch 22, 2024
tubs of ben & jerry's ice cream
Finance
Ben & Jerry’s maker Unilever is spinning off its ice cream unit and slashing up to 7,500 jobs amid activist investor pressure to streamline its business
By Prarthana PrakashMarch 19, 2024
Citigroup CEO Jane Fraser
Finance
Wall Street’s most powerful woman shakes up Citibank in bid to narrow gap with rivals: ‘We’ll be saying goodbye to some very talented and hardworking colleagues’
By Christiaan HetznerSeptember 14, 2023
UBS chief executive Sergio Ermotti
Finance
UBS reaps windfall gain from Credit Suisse deal after Swiss bank nabs rival for bargain $29 billion discount 
By Christiaan HetznerAugust 31, 2023
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Success
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