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reorganization News

WeWork plans to cut 2,000 jobs after failed IPO

Manhattan - In a meeting with WeWork employees Thursday, new co-chief executive officers Artie Minson and Sebastian Gunningham and co-founder Miguel McKelvey said that cost-cutting efforts would include layoffs, coming as soon as this month.

Vice Media cuts 250 jobs in effort to shore up profitability

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

Enbridge to buy all public equity of Spectra Energy

Calgary - Enbridge Inc. has signed a deal to acquire the outstanding public units in Spectra Energy Partners LP it doesn't already hold in a transaction valued at C$4.3 billion.

Tesla cuts workforce by 9 percent in reorganization effort

Tesla CEO Elon Musk told employees on Tuesday the company plans to make significant job cuts as part of a comprehensive restructuring effort.

The White House wants your opinion on which departments to axe

Washington - If you have your own ideas on which federal departments, commissions or agencies you would like to see axed or combined with other federal entities, you now have a chance to express your views. The White House has an opinion poll out.

Op-Ed: Why Microsoft's management structure reorganization won't work

On July 11, 2013, during a memo to employees, Steve Balmer announced the need for a corporate reorganization in order to innovate with greater speed, efficiency and capability in a fast changing world.
 

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