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On May 3, 2023, Unity announced plans to cut roughly 600 jobs, approximately 8% of its workforce. Additionally, Unity intended to reduce its global network of offices over the next few years from 58 to fewer than 30. [92] The majority of the Unity layoffs occurred in the wake of a controversial pricing change termed the "runtime fee". The ...
The business review platform went remote like many other organizations when the pandemic hit, but unlike so many others, it stayed that way and introduced a remote-first policy in 2021.
On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992
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A bankruptcy remote company is often a single-purpose entity, and frequently deployed in the context of mortgage securitizations. [ 1 ] [ 2 ] In practice, due to the concept of limited liability , most companies in developed legal systems will be de facto bankruptcy remote from other members of the group (except in limited circumstances where ...
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