#restructuring

#restructuring

Chegg said it will remain a standalone public company after a year-long strategic review conducted with Goldman Sachs. The company plans to cut roughly 45% of its global workforce-about 388 roles-as part of an effort to streamline operations and refocus on skilling and workplace learning. Management expects the restructuring to reduce 2026 non-GAAP expenses by about $100-110 million, with one-time charges of $15-19 million, mostly tied to severance payments.

Adslot Ltd has reported significant progress in its operations for the first quarter of fiscal year 2026, following a strategic turnaround involving cost management and restructuring. The company has seen growth in its customer pipeline and is activating new synergistic opportunities. The StoreFront platform, launched in late 2024, is expanding its reach with global publishers like Rakuten Viber and Vox Media, showing month-on-month growth.

But now, according to a motion and an affidavit filed in U.S. Bankruptcy Court in New York, Spirit management and AerCap have resolved their disagreements and placed the airline on a clearer path toward restructuring its finances and slimming down its fleet. As part of the deal, AerCap would deliver an unspecified cash infusion to Spirit. The amount of cash involved is unknown as the figure is blacked out in the court filings, which are heavily redacted for competitive reasons.

United were without Champions League football in 2024-25 -- which cost them just short of £50m -- and stumbled to their lowest top-flight finish in 51 years. But United still saw revenue marginally increase by 0.7% to £666.5m, with the accounts for the year ending June 30, 2025 showing their operating loss fell from £69.3m to £18.4m compared to the previous 12 months.

The last few years have seen a slew of bankruptcies at popular restaurant chains, but the industry downturn is also spreading to some smaller upscale concepts. Popular chain restaurants that went bankrupt in the past year have included Bucca Di Beppo, TGI Fridays, and Red Lobster, and even chains that haven't gone bankrupt, like Denny's and Applebee's, have been closing stores. There is no one cause for the whole industry; a perfect storm of rising costs and the disruption of the pandemic has made keeping sit-down restaurants open harder than ever, and those trends also came for the vegan chain Planta.

Health and beauty retailer Bodycare is facing administration, putting over 100 stores across the UK and 1,500 jobs at risk. It is anticipated that the retailer, which was established over 50 years ago on a Lancashire market stall, will appoint administrators from Interpath Advisory as early as Friday. Bodycare, which specialises in offering skincare, cosmetics, toiletries, and fragrances, has over 1,500 employees and operates over 100 outlets nationwide.

As of October 2024, YouTube had more podcast listeners than Spotify or Apple Podcasts, signaling a shift in the podcasting landscape towards video content.

Amazon is executing a separation of teams within Wondery to better integrate into Amazon and support creators in monetizing their content across multiple channels.

Chief Jim McDonnell reshuffled the upper ranks of the LAPD, promoting three deputy chiefs and reviving a Human Resources Bureau previously disbanded in 2004.

The restructuring aims to create an integrated administrative framework for addressing California's housing and homelessness challenges, aligning programs with transportation, climate, and health policies.

Stephen Ehikian stated, "the build back isn't just bringing it back to where it was before; it is rethinking the GSA," indicating a transformative approach to restructuring the agency.

The US state department plans to move forward with mass layoffs, affecting nearly 15% of its domestic staff, as part of a significant restructuring initiative.

PwC Advisory is excited to announce the expansion of our services to better support our clients and meet evolving market demands.”