This company was thriving during the pandemic and, unfortunately, assumed the boom times would last when economies reopened.

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able ...

Some people say, “If you do what you love, you’ll never work a day in your life.” Those people have never met Jerry Habibi.

Midland, MI, Apr. 30--Moving forward with a long-term cost reduction plan, Dow Chemical Co. said Thursday it would cut 3,000 jobs globally this year. The announcement came as the company posted a ...

Peloton has secured a critical US$1bn five-year loan to shore up its finances. The loan has repayment terms which are 600 ...

NEW YORK, May 21, 2024 /PRNewswire/ -- Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced the pricing of $300.0 million aggregate principal amount of Convertible Senior Notes due ...

NEW YORK (AP) — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of ...

Companies that face crushing debt loads include the owners of Carnival Cruise Line, JetBlue Airways, Wayfair, Peloton and ...

, opens new tab announced on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices, a ...

(RTTNews) - Telstra Corp. Ltd. (TLSYY.PK, TLS.AX, TLS) announced plans to streamline its operations and cut costs, aiming to reduce its direct workforce by up to 2,800 jobs by the end of this year.

Microsoft is to begin another round of job cuts, with most falling on its Azure cloud unit and mixed reality division. The cuts are likely to affect more than 1,000 employees, according to a ...

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