Sign up for the GI Daily here to get the biggest news straight to your inbox To say it’s been a rough year for the games industry’s workforce is putting it mildly; thousands of jobs have been lost as companies restructure and downsize following rapid growth during the onset of the pandemic. Perhaps this is…
The Business Post has announced a restructuring plan that has left up to six staff members at risk of redundancy as the newspaper shifts its focus to digital content. In a message sent to staff this week, chief executive of the Business Post, Sarah Murphy, said the newspaper undertook a strategic review of the business,…
Citigroup Inc. C has commenced the elimination of various job positions as part of its major organizational overhaul process. Per a Yahoo Finances article quoting Bloomberg, the job cuts involve approximately 10% of Citigroups senior manager roles aggregating to around 300 managers. The companys press release said, Today we shared with our colleagues the next…
Companies Citi Bank N.a. Follow Citigroup Inc Follow HONG KONG/SINGAPORE, Nov 22 (Reuters) – Citigroup (C.N) has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, according to a person with direct knowledge of the matter. Citi’s Capital Markets and Advisory Head for Asia, Jan Metzger, will…
Nov 20, 2023 5.00pm Citis Australian workforce are bracing for layoffs as the US bank rolls out a global restructuring that will involve thousands of job losses. Local positions under threat included back-office roles, such as compliance and risk, while Citis broker-dealer arm could have some staff reductions, people familiar with the reorganisation told The…
Reuters. Signa Holding, the Austrian real estate giant owned by investor Ren Benko, is set to receive a critical cash infusion of 600 million euros to tackle immediate financial obligations and fuel an accelerated restructuring, according to media reports. The loan, secured at high interest rates with Signa Prime assets as collateral, is a strategic…
Citigroup has begun the next phase of its previously announced organizational changes. Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citis organizational structure with our new, simplified operating model, the bank said in a Monday (Nov. 20) press release. As weve…
Sidley represented Sunac China Holdings Limited (Sunac) in the restructuring of its US$10.2 billion offshore debt. Sunac and its subsidiaries are principally engaged in the property development and property investment business in the Peoples Republic of China, with leading capabilities in Chinese real estate, cultural tourism, urban development, and integrated industrial operations. The complex transaction…
Shares in German drugs-to-pesticides group Bayer tumbled to a 12-year low on Monday after revealing it had pulled the pin on a large late-stage trial testing a new anti-clotting drug. Bayer aborted its phase III trial on asundexian early on the back of a recommendation from the Independent Data Monitoring Committee, which concluded the candidate…
TOKYO, Nov 20 (Reuters) – Shares of Japan’s Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit’s potential listing raised broader restructuring hopes. The shares surged for a second session on Monday after posting their biggest one-day jump…