Paris, November 7, 2023 The Capgemini Group reported consolidated revenues of 5,480 million in Q3 2023, down -1.3% at current exchange rates and up +2.3% at constant exchange rates* year-on-year. Aiman Ezzat, Chief Executive Officer of the Capgemini Group, commented: The Group delivered a solid performance in the third quarter in a challenging economic environment.…
Citigroup is reportedly contemplating substantial job reductions of at least 10 per cent in several of its major business segments as part of a comprehensive reorganisation effort led by CEO Jane Fraser, a CNBC report said citing sources. Citigroup had previously signalled the possibility of job cuts as it unveiled its sweeping overhaul plan…
Former high-flying startup WeWork Inc. filed for bankruptcy listing nearly $19 billion of debts, a fresh low for the co-working company that struggled to recover from the pandemic. The New York-based company said it had struck a restructuring agreement with creditors representing roughly 92% of its secured notes and would streamline its rental portfolio of…
The move is a blow for landlords who have rented space to the co-working group, which is planning a comprehensive reorganization that includes cutting some of its leases. WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday…
Social media researchers have cancelled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show. Musk’s restrictions on critical methods of gathering data on the global…
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top of its corporate structure, in a symbolic move that paves the path for an eventual listing.…
Nov 6 (Reuters) – Social media researchers have canceled, suspended or changed more than 100 studies about X, formerly Twitter, as a result of actions taken by Elon Musk that limit access to the social media platform, nearly a dozen interviews and a survey of planned projects show. Musk’s restrictions on critical methods of gathering…
In times of economic uncertainty, SME businesses are generally squeezed harder than larger ones, with fewer levers to help them navigate financial distress. This is particularly relevant for manufacturing businesses which have faced headwinds in recent times caused by high inflation, increasing interest rates, high energy costs, supply chain issues and challenges sourcing skilled people.…
Growing brand value and increasing market awareness activities are top of Mike Johnsons priority list as the new group CEO of Molico. Photo: Molico. Molico has named Mike Johnson as its new CEO and opened a Canberra office following the announcement of a business restructuring in October. Mr Johnson said he looked forward to the…
Reuters. Kraft Heinz (NASDAQ:) Co. has announced a major leadership change, along with a restructuring of its international business division, as revealed during the company’s 3Q earnings report call on Friday. The changes, set to take effect from fiscal year 2024, will see the company’s international business split into three distinct zones: Europe/Pacific developed markets,…