Nike is bracing for a decline in quarterly sales, but investors are eager to see if CEO Elliott Hill's new strategy will turn things around. With restructuring underway, can Nike reclaim its market share before the holiday season?
Starbucks is closing about 1% of its North American stores, including several in Chicago, as part of a restructuring plan, affecting 900 corporate employees. Discover which locations are impacted and the reasons behind the closures.
Starbucks announces a significant shift with plans to close 1% of its North American stores and lay off 900 employees as part of a $1 billion restructuring. This move reflects changing consumer habits and increasing competition in the coffee market.
In a bold move to revive its struggling sales, Starbucks plans to close several underperforming locations across North America, impacting around 900 workers while the CEO's pay raises eyebrows.
RFK Jr.'s overhaul of the vaccine committee raises alarms among public health experts. With new members and controversial decisions, how will this affect vaccine policies and public trust?
In a surprising move, xAI, led by Elon Musk, has laid off over 500 workers from its data annotation team to focus on specialist AI tutors. What does this mean for the future of AI development?
Spirit Airlines has filed for bankruptcy protection just months after emerging from Chapter 11. Despite the setback, the airline assures passengers can still book flights and use loyalty points during the restructuring. Union leaders warn employees to prepare for potential challenges ahead.
Spirit Airlines has filed for bankruptcy protection just months after emerging from a previous Chapter 11 reorganization. Despite this, the airline assures passengers that booking and travel will continue as normal during the restructuring process.
In a bold move, IgniteTech replaced hundreds of employees to embrace AI, facing significant resistance and cultural challenges. Discover how this shift reshaped their business amidst the AI revolution.
HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
