From tech to Hollywood, retailers and utilities, U.S. companies are intensifying job cuts and workforce reductions that began in 2024, as they focus on cost savings and leaner operations amid a challenging economic environment. Employers slashed more than 150,000 jobs in October, the largest wave of layoffs in more than 20 years, a report from Challenger, Gray & Christmas said Nov. 6. Firms have pointed to a myriad of causes for their layoffs, from AI to tariffs and corporate restructuring. "Some indust ...

Core Viewpoint - Verizon is laying off over 13,000 employees as part of a significant restructuring effort aimed at reorienting the company to better serve its customers and simplify operations [2][3][4]. Company Overview - The layoffs represent about 20% of Verizon's management workforce, which is not unionized, and the company had nearly 100,000 full-time employees at the end of the previous year [4]. - The job cuts are the largest in Verizon's history and come amid rising competition in the wireless and home internet markets from companies like AT&T and T-Mobile [5][7]. Leadership Changes - Dan Schulman, who became CEO just last month, emphasized the need for aggressive transformation rather than incremental changes, stating that Verizon is at a "critical inflection point" [6][7]. - Schulman acknowledged that changes in technology and the economy are affecting the workforce across all industries [10]. Financial Performance - In the third quarter of 2025, Verizon reported earnings of $4.95 billion and revenue of $33.82 billion, with continued growth in prepaid wireless services but a loss of 7,000 postpaid connections [7]. Cost Management - Alongside workforce reductions, Verizon plans to significantly cut outsourced and other external labor expenses [8]. - The company has established a $20 million "Reskilling and Career Transition Fund" for departing employees [10].

AUSTIN, Texas, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Golden Triangle Ventures, Inc. released its Quarterly Report for the period ending September 30, 2025, reflecting a pivotal quarter defined by meaningful revenue growth, improved profitability, strengthened shareholder equity, and the early results of the Company’s comprehensive restructuring under new leadership. Q3 2025 marks a clear turning point in the Company’s trajectory — a shift from legacy challenges to a clean, growth-ready platform supported by str ...

NEW YORK (AP) — Verizon is laying off more than 13,000 employees in mass job reductions that arrive as the telecommunications giant says it must “reorient” its entire company. The job cuts began on Thursday, per to a staff memo from Verizon CEO Dan Schulman. In the letter, which was seen by The Associated Press, Schulman said Verizon's current cost structure “limits” the company's ability to invest — pointing particularly to customer experiences. “We must reorient our entire company around delivering for ...

Key Takeaways Goldman will sell its remaining TFI stake to ING, giving ING full ownership of the unit. ING has held 45% of TFI since 2019 and aims to close the deal in the first half of 2026. The purchase will trim ING Bank Slaski's capital ratios by about 34 bps with minimal group impact.The Goldman Sachs Group, Inc. (GS) has reached an agreement with ING Bank Slaski to divest its Polish asset management firm, TFI. The deal, targeted for completion in the first half of 2026 pending regulatory signoff, wil ...

MIAMI, Nov. 17, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announces the initiation of proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) in the Supreme Court of British Columbia. The CCAA proceedings are part of the Company’s restructuring process pursuant to the previously disclosed Restructuring Support Agreement dated July 30, 2025 (the “RSA”). Under the RSA, ...

Core Insights - Toronto-Dominion Bank (TD) plans to close eight branches in New Jersey on January 29, 2026, following the closure of six branches earlier this year [1][9] - The closures are part of a broader strategy to transition to online and mobile banking, aiming to save $2.5 billion annually through digital growth and branch optimization [2][9] - TD Bank is reducing its U.S. footprint by 10%, having already closed 38 branches and planning to close 51 branches in 2026 [5][9] Branch Strategy - TD Bank is reshaping the role of branches from transaction hubs to high-value advice centers, as stated by CEO Raymond Chun [3][9] - The bank is simplifying operations to align with changing customer banking habits, which includes reducing physical presence to allocate resources for upgrading branches and enhancing digital services [4][9] Financial Performance - Over the past six months, TD shares have increased by 28.2%, outperforming the industry growth of 20.7% [6]

Core Points - Voxtur Analytics Corp. has filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) to restructure its financial affairs [1][3] - The Ontario Superior Court has granted an Initial Order that includes a stay of proceedings, approval of a DIP Loan, and the appointment of PricewaterhouseCoopers Inc. as the Monitor [2][4] - The restructuring aims to provide flexibility and protection for the company to streamline operations and maximize stakeholder value [4][6] Company Operations - The board of directors and management will continue to oversee day-to-day operations, ensuring no disruption in service levels or data integrity for clients [5] - Voxtur has secured an interim financing loan facility of USD 2,350,000 from Hale Capital to fund the CCAA proceedings and maintain operations [6] Market Context - The company has been under a cease trade order since September 5, 2025, due to the failure to file interim financial statements for the period ended June 30, 2025, and is subject to a delisting review by the Toronto Venture Stock Exchange [7]

RICHARDSON, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), has been granted an order from the High Court of Justice of England and Wales (the “Sanction Order”) sanctioning the restructuring plan under Part 26A of the UK Companies Act 2006 (as amended) (the “Restructuring Plan”) in respect of the 7.00% Senior Notes due 2026 issued by the Company (the “Notes”). Implementation ...

Core Insights - FTI Consulting has enhanced its Tax Advisory team in the EMEA region by adding two senior experts, Marcus Rea and Thomas Lassey [1][3] Group 1: New Appointments - Marcus Rea joins as Senior Managing Director with over 25 years of experience in tax aspects of complex restructurings and financial transactions [2][4] - Thomas Lassey has been appointed as Managing Director, bringing 13 years of experience in indirect and direct tax compliance and advisory [2][5] Group 2: Expertise and Roles - Mr. Rea's expertise includes lending reviews, distressed M&A, and strategic capital decisions for underperforming businesses, and he will lead the expansion of the pan-European restructuring tax advisory team [3][4] - Mr. Lassey will lead the VAT service offering for family groups, multinational organizations, and sovereign wealth funds in Abu Dhabi [5][6] Group 3: Company Strategy and Vision - The addition of Rea and Lassey is aimed at enhancing FTI Consulting's ability to support clients on tax implications of corporate and transactional matters in a challenging market [3][6] - The company emphasizes the importance of high-quality tax advisory expertise as a vital part of its corporate finance offering [6] Group 4: Company Overview - FTI Consulting is a leading global expert firm with over 8,100 employees in 32 countries, generating $3.70 billion in revenues during fiscal year 2024 [7]