Major Restructuring
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Smart Travel Cards, Bus Queue Shelters: Delhi Government To Transform DTC
To improve DTC, smart travel cards will soon be introduced, bus routes are being restructured, interstate bus terminals (ISBTs) will be modernised, and bus queue shelters (BQSs) will be redesigned to be more comfortable.
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Meta Superintelligence Labs: Zuckerberg Announces New Group For AI Projects
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company's artificial intelligence group, including a commitment to developing AI "superintelligence,".
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Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
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OpenAI Can’t Dodge Elon Musk’s Fraud Claims in Restructuring Suit
US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that Elon Musk can pursue fraud claims in the complaint he filed against OpenAI last year. She also declined to dismiss an unjust enrichment claim against OpenAI and Microsoft Corp., a major investor in the startup.
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Intel To Cut 20% Workforce Amid Major Restructuring Efforts: Report
Intel has seen its sales drop three years in a row and has trailed Nvidia when it comes to advancements in technology.
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Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
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Intel CEO Lip-Bu Tan Flattens Leadership Structure, Names New AI Chief, Memo Says
Intel CEO Lip-Bu Tan is flattening the semiconductor giant's leadership, with key chip divisions now reporting directly to him, as per a memo seen by Reuters. The restructuring aims to turnaround the chipmaker after years of challenges, streamlining decision-making for its data centre, AI, and PC chip groups.
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WazirX's Restructuring Scheme Approved by Over 93 Percent Creditors, Refunds to Start Soon
WazirX's proposed restructuring scheme has been approved by majority voters, Zettai announced on Monday, April 7. Zettai stated that 141,476 creditors took part in the voting process out of which 131,659 creditors approved the scheme.
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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Sally Buzbee, First Woman Editor Of Washington Post In 150 Years, Resigns
The executive editor of the Washington Post, Sally Buzbee, has abruptly stepped down from the role, as the storied American newspaper undergoes a major restructuring, its chief executive said late Sunday.
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'Lord of the Rings' Owner Embracer Group Announces Plan to Split Into 3 Standalone Companies: Details
Embracer Group, the embattled gaming conglomerate that owns the rights to the ‘Lord of the Rings’ franchise, has announced that it is splitting into three different companies. The group, which went through significant restructuring this year and sold off major game studios like Saber Interactive and Gearbox to reduce debt, will separate into As...
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Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
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BYJU's Lays Off Close To 1,000 Employees Across All Departments: Report
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.
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Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
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FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
-
Smart Travel Cards, Bus Queue Shelters: Delhi Government To Transform DTC
To improve DTC, smart travel cards will soon be introduced, bus routes are being restructured, interstate bus terminals (ISBTs) will be modernised, and bus queue shelters (BQSs) will be redesigned to be more comfortable.
-
Meta Superintelligence Labs: Zuckerberg Announces New Group For AI Projects
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company's artificial intelligence group, including a commitment to developing AI "superintelligence,".
-
Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
-
OpenAI Can’t Dodge Elon Musk’s Fraud Claims in Restructuring Suit
US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that Elon Musk can pursue fraud claims in the complaint he filed against OpenAI last year. She also declined to dismiss an unjust enrichment claim against OpenAI and Microsoft Corp., a major investor in the startup.
-
Intel To Cut 20% Workforce Amid Major Restructuring Efforts: Report
Intel has seen its sales drop three years in a row and has trailed Nvidia when it comes to advancements in technology.
-
Intel to Announce Plans This Week to Cut Over 20 Percent of Staff
Intel is poised to announce plans this week to cut more than 20 percent of its staff. The cutbacks follow an effort last year to slash about 15,000 jobs — a round of layoffs announced in August.
-
Intel CEO Lip-Bu Tan Flattens Leadership Structure, Names New AI Chief, Memo Says
Intel CEO Lip-Bu Tan is flattening the semiconductor giant's leadership, with key chip divisions now reporting directly to him, as per a memo seen by Reuters. The restructuring aims to turnaround the chipmaker after years of challenges, streamlining decision-making for its data centre, AI, and PC chip groups.
-
WazirX's Restructuring Scheme Approved by Over 93 Percent Creditors, Refunds to Start Soon
WazirX's proposed restructuring scheme has been approved by majority voters, Zettai announced on Monday, April 7. Zettai stated that 141,476 creditors took part in the voting process out of which 131,659 creditors approved the scheme.
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
Sally Buzbee, First Woman Editor Of Washington Post In 150 Years, Resigns
The executive editor of the Washington Post, Sally Buzbee, has abruptly stepped down from the role, as the storied American newspaper undergoes a major restructuring, its chief executive said late Sunday.
-
'Lord of the Rings' Owner Embracer Group Announces Plan to Split Into 3 Standalone Companies: Details
Embracer Group, the embattled gaming conglomerate that owns the rights to the ‘Lord of the Rings’ franchise, has announced that it is splitting into three different companies. The group, which went through significant restructuring this year and sold off major game studios like Saber Interactive and Gearbox to reduce debt, will separate into As...
-
Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
-
BYJU's Lays Off Close To 1,000 Employees Across All Departments: Report
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.
-
Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
-
FIFA Maker EA to Lay Off 6 Percent of Its Workforce, Will Incur Up to $200 Million in Related Charges
Electronic Arts said on Wednesday it would lay off about 6 percent of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts.
