Catalyst Brands is making some tough decisions. The company, which is the new owner of JCPenney, is cutting 9% of its corporate jobs. This is the second round of layoffs in just a few months. So, what's going on? Catalyst Brands is in the middle of a big review. They're looking at all parts of the business to find ways to make it more efficient. This means some role...
Wayfair is closing its Austin office and cutting 340 tech jobs. This move comes after a major effort to update their technology systems over the past five years. The company says this will help them adapt to changing customer needs and support future growth. About 170 of the affected employees are based in Massachusetts. Wayfair had around 13, 500 employees at the en...
Nikola Corp, a company that once had investors and analysts buzzing, has taken a big step. They've filed for Chapter 11 bankruptcy protection. This means they're having a tough time keeping their business going. They couldn't find a buyer or get more money to keep running. Nikola's CEO, Steve Girsky, admitted that the company has faced some serious challenges. Mark...
Southwest Airlines is making some big changes. They are saying goodbye to 1, 750 corporate workers. That's about 15% of their corporate staff. This is a big deal for a company that has over 72, 000 full-time or full-time equivalent workers. The CEO, Bob Jordan, said it was a tough decision. He knows it's hard to say goodbye to people who have been a big part of the ...
Southwest Airlines is making some big changes. They're planning to cut about 1, 750 corporate jobs, which is around 15% of their total corporate workforce. This move is part of a larger plan to make the company more efficient and save money. The company expects to save a significant amount of money this year and even more in 2026. Most of these job cuts will happen b...
CVS Health has named David Joyner as its new CEO, filling the shoes of Karen Lynch who stepped down after an agreement with the board. Joyner, previously the vice president of CVS Health and president of CVS Caremark, will also join the board. The company believes Joyner's deep understanding of their integrated business will help address industry challenges and drive...
For over 75 years, Tupperware has been a staple in many American kitchens. But despite its enduring reputation, the company has been struggling to adapt to the changing consumer landscape. As the market shifts towards digital commerce and social media-influenced trends, Tupperware's once-reliable direct sales model has become less attractive to younger consumers. Aga...
As the gaming industry continues to evolve, Xbox has made the difficult decision to eliminate approximately 650 roles across Microsoft Gaming, mainly in corporate and supporting functions. This move aims to realign the company's post-acquisition team structure and manage its business for long-term success. While this news may be unsettling for those affected, it's es...
Topgolf Callaway Brands Corp. (MODG) just announced a plan to split into two separate companies – one focused on golf equipment and the other on the ever-growing world of Topgolf entertainment venues. But is this really the best way to maximize shareholder value? Let's tee off and explore. The plan is to spin off Topgolf, giving MODG shareholders ownership in bot...