Tagged: restructuring

October 27, 2026 @ 9:07 am By Omar Faridi  |  

Microsoft (NASDAQ: MSFT) has extended voluntary exit packages to roughly 60,000 eligible workers, representing approximately 27 percent of its global workforce of about 223,000 full-time employees as of the end of June. The time-limited Voluntary Exit Offer, announced on October 26, 2026, by Executive Vice… Read More

March 13, 2026 @ 12:15 am By Omar Faridi  |  

Chicago-based crypto trading and lending platform BlockFills is actively pursuing restructuring options as it grapples with liquidity challenges and mounting legal pressure. The firm, which provides services to institutional investors worldwide, has turned to external advisors for guidance on stabilizing its operations following a sharp… Read More

August 27, 2025 @ 8:31 am By Omar Faridi  |  

Eclipse Labs, a Layer 2 blockchain developer, has announced a drastic reduction of its workforce by 65% and the appointment of Sydney Huang as its new CEO. This restructuring follows the company’s recent token generation event (TGE) and aims to realign resources toward building consumer-facing… Read More

August 18, 2025 @ 11:02 pm By Omar Faridi  |  

In a key development for Germany’s digital bank N26, investors are reportedly seeking to remove the company’s founders from their roles as co-chief executives, following renewed criticism from the country’s financial regulator, BaFin. The move comes as the fintech faces mounting pressure to address shortcomings… Read More

February 11, 2025 @ 7:59 am By Omar Faridi  |  

Lloyds Bank is implementing a significant restructuring program that will result in the layoff of 300 engineering staff, according to reports. The program is said to be part of Lloyds’ broader transformation strategy and aims to bolster digital services, increase efficiency, and maintain a competitive… Read More

June 29, 2024 @ 4:07 pm By Omar Faridi  |  

Insurtech wefox, which is experiencing significant operational challenges, is now reporting that the insurance technology company is focused on its restructuring efforts as it receives support in the form of “strong’ investor support. At an Extraordinary General Meeting of wefox Holding AG held recently, all… Read More

February 1, 2024 @ 8:15 am By Omar Faridi  |  

Celsius Network LLC announced that it has emerged from bankruptcy by completing the transactions under its confirmed plan of reorganization. The plan was reportedly “approved by approximately 98% of the company’s account holders and confirmed by the Bankruptcy Court for the Southern District of New… Read More

January 9, 2023 @ 8:33 am By Omar Faridi  |  

Billionaire entrepreneur Jack Ma will reportedly end an acting-in-concert pact with three senior executives who had given Ma a 53.46% share of the voting power in Fintech firm Ant Group. Following the restructuring phase, the major shareholders of Ant Group will independently exercise their respective… Read More

June 14, 2020 @ 10:08 pm By Omar Faridi  |  

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

October 9, 2019 @ 12:25 pm By Samantha Hurst  |  

Global cryptocurrency exchange Liquid.com announced on Tuesday it has completed its global group restructuring to reflect its “evolution into a global fintech business.” Liquid reported that as a result of the global restructuring, the existing “Quoine” operating entities have moved under Liquid Group Inc. to… Read More

November 23, 2016 @ 10:57 am By Samantha Hurst  |  

Investment crowdfunding platform Symbid has announced it has completed a corporate restructuring as a way to further strengthen its position in the Dutch market. Symbid had indicated its intent to restructure earlier this year.   Lees hier het persbericht van vandaag: Symbid Crowdfunding terug in handen… Read More