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Tag: Business

wework filed bankruptcy

From $47 Billion to Bankruptcy: The Dramatic Downfall of Co-Working Giant WeWork

WeWork’s bankruptcy filing comes after years of financial struggles. The company, which rents office space to startups and other small businesses, was once a darling of the tech industry, but it has been plagued by mismanagement and a lack of profitability. Continue Reading From $47 Billion to Bankruptcy: The Dramatic Downfall of Co-Working Giant WeWork

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Job Cuts at Citigroup

Project Bora Bora: Jane Fraser’s Bold Overhaul May Lead to Significant Job Cuts at Citigroup

Project Bora Bora aims to streamline the company and reduce costs. Executives will see cuts beyond 10% due to Fraser’s push to eliminate regional managers, co-heads and others with overlapping responsibilities. The exact number of layoffs has not been disclosed, but the announcement has caused anxiety among the bank’s 240,000 employees. Continue Reading Project Bora…

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