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Later, on November 29, 2023, Unity announced an additional 265 layoffs, constituting 3.8% of its workforce, as part of a "company reset," according to Reuters. Most of the affected workers (256) were from the Wētā Digital division, which Unity had acquired for $1.6 billion in 2021, along with several Wētā FX tools and 275 employees. On May ...
During his time at Delta between 2005 and 2007, Whitehurst oversaw the company's recovery from bankruptcy and its struggle against US Airways in 2006, who had repeatedly proposed mergers to the company. [6] In 2013, North Carolina Governor Pat McCrory appointed Whitehurst as a member and vice-chairman of the North Carolina Economic Development ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020. Spirit ...
For many, the cost of life-saving care is too high, and medical debt is the No. 1 cause of bankruptcy in America.That is to say nothing of the emotional labor of navigating the complex system ...
Egghead Software: An online software retailer, its shares surged in 1998 as investors bought up shares of Internet companies; by 2001, the company was bankrupt. eToys.com: An online toy retailer whose stock price hit a high of $84.35 per share in October 1999. In February 2001, it filed for bankruptcy with $247 million in debt.
NEW YORK (Reuters) -Alex Mashinsky, founder and former CEO of cryptocurrency lender Celsius Network, pleaded guilty on Tuesday to two counts of fraud. Mashinsky, 59, was indicted on July 13, 2023 ...
Not insured by the federal government via FSLIC, it was instead insured by a private state insurance program. This program became promptly insolvent and the governor, Richard F. Celeste, ordered the first bank holiday since the Great Depression. [56] In Maryland, that May, Old Court Savings and Loans similarly failed. The panic also spread ...