Tag: restructuring

Diageo Shares Surge as New CEO Dave Lewis Unveils $1 Billion Cost-Cutting Plan

Diageo shares surged about 6% after new CEO Dave Lewis unveiled a $1 billion savings and restructuring plan to revive the spirits giant.

Etsy to Cut 12% of Workforce in Restructuring Aimed at Long-Term Growth

Etsy will lay off roughly 12% of its staff in a restructuring effort to streamline operations and position the online marketplace for long-term growth.

Porsche Deepens Restructuring, Targeting 9,000 Job Cuts by 2035 Amid EV Slowdown

Porsche will eliminate around 9,000 jobs by 2035 after adding 5,000 more cuts, as weak EV demand and tough competition in China pressure the carmaker.

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