Key Takeaways Sirius XM Holdings (SIRI) announced that it would cut 8% of its workforce as it reorganizes its operations. In February, the company issued 2023 revenue and EBITDA guidance that came in ...
Tag: reorganization
SiriusXM cuts 475 jobs in reorganization
Sirius XM is the latest media company to announce a round of layoffs The car radio subscription company, known for its commercial-free music and talk radio channels, said Monday it is cutting 8% of it...
Independent Group Mandates Celsius to Publish Reorganization Plan
Celsians have issued an ultimatum to Celsius to publish a reorganization plan. Celsius’ new CEO has filed a declaration under oath over restructuring activities. Customers lose trust in Celsius, doubt...
Disney announces layoffs, reorganization, cost cuts
Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three...
MATIC’s Hard Fork: Addressing Gas Spikes and Chain Reorganization
Gelato Network, a self-proclaimed Web3’s decentralized backend, elaborated on Polygon’s hard fork. Polygon’s hard fork took place yesterday, with the aim of achieving two proposals. MATIC currently fa...
McDonald’s plans reorganization, job cuts as it accelerates restaurant openings
Noam Galai | Getty Images Entertainment | Getty Images McDonald’s is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris ...
Celsius gets extension for chapter 11 reorganization plan
Embattled crypto lender Celsius has received approval from the bankruptcy court to extend its timeline for submitting a chapter 11 reorganization plan until Feb. 15, 2023. A Chapter 11 reorganization ...
Celsius receives extension to submit Chapter 11 reorganization plan
Bankrupt crypto lender Celsius received court approval to extend its exclusivity period — the time when it maintains the exclusive right to submit a Chapter 11 reorganization plan — to Feb. 15. ...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
A judge also temporarily denied Celsius from paying certain employees a retention bonus, payments which would have totaled nearly $3 million. The plan, which Celsius’ lawyers claimed was necessary to ...
Bankrupt lender Celsius files motion to extend time for ‘reorganization’
Troubled crypto lender Celsius said it filed a motion with a U.S. court asking to extend the time it needs to come up with a reorganization plan. The firm is now going through bankruptcy proceedings, ...
Coinbase Ordered by BaFin to Ensure Proper Business Reorganization
The German offshoot of American cryptocurrency trading firm, Coinbase Global Inc has been ordered by the Federal Financial Supervisory Authority known as BaFin to ensure it achieves a proper business ...
CDC admits Covid response fell short, launches reorganization
Rochelle Walensky, MD, MPH, Director, United States Centers for Disease Control and Prevention; speaks during the COVID Federal Response Hearing on Capitol Hill on June 16, 2022 in Washington, DC. Joe...
Crypto Game Studio Immutable Announces New Layoffs in ‘Small Reorganization’
Immutable Games Studio is letting go of multiple employees, including one of its senior game designers, amid a slump in crypto prices. James Wakeham worked as a lead designer on Immutable’s crypto gam...
Celsius first-day bankruptcy proceedings address the interim before a reorganization
Crypto lender Celsius’s Chapter 11 bankruptcy proceedings are officially underway as counsel argued for a number of interim motions during first-day proceedings. Chapter 11 proceedings allow a b...
Celsius Identifies Mining Operations as One Way of Recouping Losses Ahead of Reorganization Plans
Celsius has stated at a bankruptcy hearing that its mining outfit should be able to repay some creditors ahead of total reorganization. Embattled crypto loan company Celsius Network revealed its reorg...
Voyager Digital Says Filing for Chapter 11 Bankruptcy Is Part of Reorganization Plans
Many crypto-related firms have recently had their very existence rattled to their cores as a result of the wider market crash, and one of such is Voyager Digital. Less than a week after pausing withdr...
What is chain reorganization in blockchain technology?
A blockchain reorganization attack refers to a chain split in which nodes receive blocks from a new chain while the old chain continues to exist. On May 25, the Ethereum Beacon chain suffered a seven-...
The Ethereum Beacon Chain Faces the Greatest Blockchain Reorganization in Years – crypto.news
Today, the Ethereum Beacon Chain network executed a seven-block rearrangement. Between 08:55:23 and 08:56:35 UTC, seven blocks from 3,887,075 to 3,887,081 were knocked off the Beacon Chain. The Ether ...