Acutus Medical (Nasdaq:AFIB) announced today that it will lay off 65% of its workforce as part of a major restructuring. The Carlsbad, Californiabased companys most recent annual report lists 225 workers at the end of 2022, which means the layoff could involve roughly 146 workers. Restructuring will involve winding down Acutus Medicals EP mapping and…
Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), today announced a realignment of resources and corporate restructuring. Scott Huennekens, Chairman of Acutus, commented, Following an extensive strategic review by the Companys Board of Directors, we are taking the hard but necessary steps to streamline our operations. In light of the current financing environment and…
WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt NEW YORK, November 07, 2023–(BUSINESS WIRE)–WeWork Inc. (NYSE: WE) (“WeWork” or “the Company”), the leading global flexible space…
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…
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.…
HALIFAX, NS / ACCESSWIRE / November 7, 2023 / Meta Materials Inc. (the Company or META) (NASDAQ:MMAT), an advanced materials and nanotechnology company, today announced preliminary positive cost cutting results from the initial stages of restructuring, while signaling its intent to focus on core business lines currently generating revenue and those expected to generate revenue in…
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…
Taipei, Nov. 7 (CNA) Former P.LEAGUE+ (PLG) CEO Charles “Blackie” Chen () rejoined the league as its vice president on Tuesday, one day after the league announced it was restructuring itself from a company into an association. The PLG announced Chen’s unexpected return only after issuing a statement that the league will be “optimized” into…
Effective leadership is crucial to an organizations success. Yet, the ways businesses manage leadership development (LD) vary widely, encompassing in-house training, third-party external support, formal education qualificationseven the old-fashioned sink or swim approach. LHH, a talent solutions provider, wanted to take the pulse of the future of leadership development. The company polled 1,502 C-level executives…
Nov 6 (Reuters) – WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank (9984.T), the Japanese technology group that owns about 60% of WeWork…