The financial news that actually matters
Covers company layoffs, job cuts, business closures, and restructuring events. It explains how these changes affect employees, industries, and local economies.
Pizza Hut will shutter roughly 250 U.S. restaurants during the first half of 2026, a move that preceded and likely shaped the chain’s $2.7 billion sale by parent company Yum Brands. The closures target underperforming locations at a time when U.S. same-store sales had already dropped 5 percent, and they land hardest on the franchisees…
Across the tech sector, 156,270 workers at 150 companies have been cut from payrolls so far this year, a toll tracked in near-real time by the independent site Layoffs.fyi. The figure, compiled by founder Roger Lee, has become a default reference point for journalists, investors, and policymakers trying to gauge how fast artificial intelligence is…
Every Eddie Bauer store in the United States will shut its doors after the company’s bankruptcy auction for 174 locations drew zero qualified bids. Eddie Bauer LLC and affiliated debtors filed for Chapter 11 protection on Feb. 9, 2026, in the U.S. Bankruptcy Court for the District of New Jersey under case number 26-11422 (SLM)….
Every one of Eddie Bauer’s 174 U.S. stores will close after the company’s retail operator filed for Chapter 11 bankruptcy protection. Eddie Bauer LLC, the entity responsible for running the brand’s physical locations, submitted its petition in the U.S. Bankruptcy Court for the District of New Jersey under Case No. 26-11422-SLM. The filing separates the…
ServiceNow has cut hundreds of positions across California offices, according to state labor filings, as the cloud software company shifts resources toward artificial intelligence. The reductions come after the company’s most recent quarterly financial disclosure attributed rising costs directly to growing headcount, setting up a tension between the staff-heavy spending model that fueled ServiceNow’s expansion…
Nearly 150 workers at Ubisoft offices in San Francisco and Barcelona learned this month that their positions are being eliminated, according to state labor filings and local reporting. The French video game publisher filed formal notices on both sides of the Atlantic within days of each other, cutting 93 permanent jobs in California and launching…
More than 243,000 American workers have received formal layoff warning notices so far in 2026, based on filings logged across state labor department databases. These notices, required by federal law before large-scale job cuts take effect, signal that tens of thousands of positions are set to disappear in the weeks ahead. The count draws from…
Rivian cut hundreds of jobs in its service and customer organization this week, trimming less than 2 percent of its workforce as the electric-vehicle maker works to control costs ahead of the R2 launch and a planned ramp in autonomy spending. The reductions, which also touch sales and marketing roles, took effect Tuesday and come…
Hundreds of BBC journalists face redundancy as the broadcaster’s news division absorbs deeper spending reductions than any other part of the organization. Interim Director General Rhodri Talfan Davies told staff in an internal email that the corporation needs to shed up to 2,000 positions and save roughly 500 million pounds over two years, according to…
Wendy’s plans to shut down between 298 and 358 U.S. restaurants in the first half of 2026, a cut of roughly 5% to 6% of its domestic system, after same-store sales fell across the chain. The company already closed 28 locations in the fourth quarter of 2025, leaving 5,969 U.S. units at year-end. The wave…