Nearly a year after its last layoff, online coding bootcamp Lambda School just announced more cuts amid a broader structuring. In a blog post, CEO and founder Austen Allred said that the startup, which raised a $74 million Series C in August, is laying off 65 employees. The roles that were cut span senior product,…
Auto components major Motherson Sumi Systems Ltd (MSSL) on Friday said its public shareholders have voted in favour of its proposed group restructuring under which it will demerge its domestic wiring harness (DWH) business into a new company that will eventually be listed. As part of the restructuring which was announced in July last year,…
SINGAPORE (ICIS)–Siam Cement Group is studying a potential restructuring of its chemical business, including the possibility of a public offering of its shares, the Thailand-based producer said late on Wednesday. This feasibility study for the restructuring is expected to be completed by the end of 2022, the company said in a filing to the Stock…
Restructuring plans were introduced into law at the height of the coronavirus crisis in 2020 to provide businesses with a new tool with which to overcome financial difficulty. The hearing to approve the restructuring plans proposed by Virgin Active is scheduled to commence on Thursday 29 April. If approved, the restructuring would bind opposing landlords…
SAN JOS, Costa Rica, April 28, 2021 /PRNewswire/ — PricePerPlayer.com, the leading Sportsbook Pay Per Head provider in the gambling industry is changing its price per player model.The typical model for a bookie Pay Per Head company is to charge a weekly fee for each active gambler. The price range for these services is usually…
The bank’s long-running restructuring showed in lower costs TopicsDeutsche|Banking sector|Banks AP | Frankfurt (Germany) Last Updated at April 28, 2021 13:58 IST Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as…
FRANKFURT, Germany (AP) Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as growth slowly rebounds from the pandemic. Profit attributable to shareholders was 908 million euros ($1.1 billion) in the first…
Sidley Austin is rebuilding the top end of its bankruptcy team by adding the former U.S. chair of DLA Pipers restructuring practice, Tom Califano, as a partner in its New York office. The hire announced on Tuesday comes about six months after the co-leaders of Sidleys restructuring practice, Jessice Boelter and Bojan Guzina, departed for…
Scores of ‘zombie companies’ have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert. Revive Financial partner Jarvis Archer said the “clean up” of zombie companies was under way with an increase in liquidation appointments across a range of industries. A ‘zombie company’…
NEW YORK–(BUSINESS WIRE)–Sidley Austin LLP is pleased to announce that Tom Califano is joining the firms global Restructuring group. Mr. Califano will be a partner in the New York office. He joins from DLA Piper where he was the global co-chair and U.S. chair of the restructuring group. As a nationally-recognized restructuring lawyer, Mr. Califano…