restructuring

Ready to Rumble or Make Nice? Activist Shareholder Daniel Loeb Could Strike Sooner Than Yahoo Thinks.

Kara Swisher in News on February 9 at 10:14 am PT

It’s like the movie “The Gray,” except it’s not clear yet who gets eaten and who does the eating.

Will the Turnaround at Cisco Systems Stick?

Arik Hesseldahl in News on February 8 at 6:25 am PT

Is the restructuring by CEO John Chambers at Cisco Systems taking hold? Today’s earnings announcement should tell the tale.

Google’s Head of Consumer Payments, Vikas Gupta, Resigns

Tricia Duryee in Commerce on January 26 at 5:35 pm PT

Vikas Gupta joined Google 18 months ago after it acquired Jambool, the virtual goods payment platform where he was a founder and CEO.

Gilt Groupe Cuts Include 10 Percent of Employees and Two Executives

Tricia Duryee in Commerce on January 23 at 10:04 am PT

The luxury e-commerce and flash sales site has trimmed roughly 10 percent — as many as 90 — of its employees, including some of its management team.

The Times of Its Troubled Life: A 2007 Visit to Kodak (Video)

Kara Swisher in Media on January 19 at 11:54 am PT

Good morning yesterday, you wake up and time has slipped away …

Kodak Considers Restructuring Chief, Sues Samsung

Dana Mattioli and Mike Spector, Reporters, The Wall Street Journal in News on January 18 at 2:31 pm PT

Eastman Kodak Co. is preparing to appoint a chief restructuring officer, a move that could help the company secure financing needed to stay afloat during bankruptcy proceedings, people familiar with the matter said.

Gilt Groupe CEO: Restructuring Rumors Overblown, IPO Still on Track

Tricia Duryee in Commerce on January 11 at 9:58 am PT

Kevin Ryan is denying rumors this morning that the luxury e-commerce company is undergoing a massive restructuring; nearly all of its 900 employees and business units remain intact.

Cisco Lays Out Aggressive Strategy to Capture More Cloud Business

Arik Hesseldahl in News on December 6, 2011 at 9:37 am PT

Networking giant Cisco Systems has been talking for awhile now about its intentions to become a big supplier of cloud infrastructure. Today it got specific, with a portfolio of products it collectively calls CloudVerse.

Nokia Siemens to Cut 17,000 Jobs

Arild Moen, Reporter, The Wall Street Journal in News on November 23, 2011 at 5:15 am PT

Network equipment maker Nokia Siemens Networks Wednesday said it will cut 17,000 jobs globally in a bid to reduce operating costs by €1 billion by the end of 2013, part of a major restructuring that will see the company focus on mobile broadband and services.

News Byte

Adobe Eliminates 750 Jobs in Restructuring

Arik Hesseldahl in News on November 8, 2011 at 2:58 pm PT

Adobe Systems said it will cut about 750 jobs in North America and Europe as part of corporate restructuring. The company said it expects to take a restructuring charge of between $87 million to $94 million. As a result of the move, the company said it expects earnings per share to be in the range 30 cents to 38 cents a share, lower than its previously guided range of 41 to 50 cents. Adobe shares fell more than 7 percent in after-hours trading.