Ubisoft Montreal lays off 98 people as part of a corporate … – Yahoo Finance Australia

Ubisoft Montreal just laid off 98 people as part of a corporate restructuring and reorganization effort, as reported by Kotaku. The cuts primarily impact workers in business administration services and IT. Ubisoft says it will support all affected Canadian employees with severance packages and career assistance to help them navigate their transition. The Montreal office…

WeWork bankruptcy: shared office provider expected to try and renegotiate Australian leases – The Guardian

Shared office provider WeWork says it is business as usual for its Australian operations, even after the US parent filed for bankruptcy as debts mounted and office vacancies increased around the world. The former high-flying New York-headquartered company operates in 15 Australian locations as part of its global portfolio spread across more than 30 countries.…

EU job seeker's aid worth 2.8m for 421 dismissed workers in … – European Parliament

On Tuesday, the Committee on Budgets approved Belgiums request for support from the European Globalisation Adjustment Fund for Displaced Workers (EGF). MEPs acknowledged that the COVID-19 pandemic and the Russian war of aggression against Ukraine have reduced economic competitiveness and have a negative impact on economic growth in Belgium. In recent years, Makro Cash &…

WeWork Enters Restructuring Support Agreement to Drastically … – ABL Advisor

WeWork announced that it has commenced a comprehensive reorganization to strengthen its capital structure and financial performance and best position the Company for future success. The Company maintains the strong support of its key financial stakeholders and has entered into a Restructuring Support Agreement (RSA) with holders representing approximately 92% of its secured notes to…