Corporate Strategy/Planning

Updated Jan. 10, 2024 1:29 am ETFrasers Property’s majority owners could sell the company or some of its assets as part of a strategic review, people familiar with the situation said.One of the people said the review is in its initial stages and there is no assurance of any outcome.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 10, 2024 1:29 am ETFrasers Property’s majority owners could sell the company or some of its assets as part of a strategic…

Rent the Runway is putting in place another restructuring plan that includes cutting about 10% of its corporate roles.The fashion subscription company on Tuesday said the turnaround plan comes with the resignation of Anushka Salinas as operating chief and president, effective Jan. 31.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Rent the Runwayis putting in place another restructuring plan that includes cutting about 10% of its corporate roles.The fashion…

Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment.The Atlanta-based maker of Rubbermaid and Sharpie said it expected to realize annual pretax savings of $65 million to $90 million net of reinvestment, the majority of which is expected this year.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Newell Brandswill slash about 7% of its office roles and pare down its real-estate footprint in an…

Puck tapped the former Twitter executive Sarah Personette as chief executive officer of the news startup, where she will be tasked with shepherding its expansion into new coverage areas and markets.The two-year-old publication, whose writers focus on covering power brokers in tech, media, finance and politics, has amassed around 40,000 full-paying subscribers and surpassed $10 million in revenue in 2023, according to a person close to the company. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Listen to article(1 minute)Google is going forward with sweeping changes to how companies track users online—moves that have been years in the making. Advertisers still aren’t ready.The changes, among the biggest in the history of the $600 billion-a-year online ad industry, center on the use of cookies, technology that logs the activity of internet users across websites so that advertisers can target them with relevant ads. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8…

Updated Jan. 3, 2024 1:36 pm ETXerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model.The printer maker said Wednesday that it had formed a global business-services unit as part of the company’s restructuring as it aims to stabilize its core print business. Xerox also plans to increase its focus on its emerging information-technology and digital-services unit.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Dec. 9, 2023 12:16 am ETJeff Zucker ran NBC’s “Today” show as a young executive producer and was CNN’s boss for nearly a decade. Now, the television veteran is angling for a very different assignment: turn conservative British news publications into global brands. Zucker is heading an investment group that has become the top contender to buy the Telegraph and the Spectator, a newspaper and a magazine that are both more than 150 years old. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

SINGAPORE—Nvidia’s CEO said he still hopes to supply high-end processors to China, days after U.S. Commerce Secretary Gina Raimondo warned U.S. companies against sales of AI-enabling chips to the country in the name of national security. “Our plan now is to continue to work with the U.S. government to come up with a new set of products to comply with the new regulations,” Jensen Huangtold reporters in Singapore Wednesday. “The new regulations have additional limits. We have to come up with new products to comply with…

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Telefonicaproposed a workforce restructuring plan that will…

Twilio said Monday that it plans to shed hundreds of jobs as it seeks to streamline its operations and accelerate its path to profitable growth.The communications and customer data company said it plans to eliminate about 5% of its 5,900 employees, which will come at a cost of about $25 million to $35 million in various charges.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Twiliosaid Monday that it plans to shed hundreds of jobs as it seeks to streamline its…