Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
Papa John’s is closing about 300 North American locations and cutting 7% of corporate staff
Papa John’s, one of the largest pizza-delivery chains in the country, is pulling back. The company has announced plans to close roughly 300 locations across...
Francesca’s is holding going-out-of-business sales at all 400 of its stores
Francesca’s, the boutique-style women’s apparel and accessories retailer, is now running going-out-of-business sales across its entire store base. After filing for Chapter 11 bankruptcy protection,...
Eddie Bauer has filed for Chapter 11 bankruptcy while running about 180 stores
Eddie Bauer, the outdoor and casual-apparel brand with roots stretching back nearly a century, is once again working through bankruptcy court. The company that operates...
Claire’s has filed for bankruptcy again and will close at least 18 U.S. stores
Claire’s, the mall-based accessories chain known for pierced ears and inexpensive jewelry, has returned to bankruptcy court. The company filed for Chapter 11 protection again...
Papa John’s closed nearly 50 stores and cut 7% of its corporate staff this month
Papa John’s International shut down 44 restaurants across North America and cut roughly 7 percent of its corporate workforce during the first quarter of 2026,...
PayPal is slashing 20% of its workforce — 4,760 jobs because the new CEO says the company “lost ground to rivals”
PayPal plans to eliminate roughly 4,760 jobs over the next two to three years, a reduction of about 20% of its workforce and the deepest...
Apple just posted a $111.2 billion quarter and announced a $100 billion buyback — and Tim Cook is leaving in 4 months
Tim Cook is stepping down as CEO of Apple. The company disclosed the succession plan in a regulatory filing with the Securities and Exchange Commission...
Rogers offers buyouts to 10,000 workers as it moves to cut costs
Roughly 10,000 Rogers Communications employees are eligible for voluntary buyout packages, Bloomberg reported in late April 2026, citing people familiar with the matter. If a...
Apple names John Ternus as CEO: Tim Cook to step down after 14 years, effective September 1
Apple’s board of directors has named John Ternus, the executive behind the engineering of every major Apple product, as the company’s next CEO. Ternus, currently...
Netflix stock drops 9% after Reed Hastings exits and Q2 forecast disappoints
Reed Hastings, the co-founder who built Netflix from a DVD-by-mail experiment into the world’s largest streaming service, is leaving the company’s board of directors. The...
Disney cuts roughly 1,000 jobs across TV, film, marketing under new CEO D’Amaro
Walt Disney is eliminating roughly 1,000 jobs across television, film, marketing, and corporate divisions, CEO Josh D’Amaro told employees in an internal memo this month....
Oracle cuts up to 30,000 jobs, outlining $2.1B restructuring plan
Oracle is cutting as many as 30,000 jobs worldwide as it funnels billions into cloud computing and artificial intelligence, making it one of the largest...
Major retailers are closing thousands of stores in 2026: which brands are shutting locations
Several major U.S. retailers are shrinking their store footprints in 2026, reflecting the continuing shift in how consumers shop. Department stores, discount chains, and even...
A record number of CEOs stepped down in 2025: what is driving the executive exodus?
A record number of chief executives stepped down from major companies in 2025, a trend that is drawing increasing attention from investors, boards, and governance...
Amazon and JPMorgan ordered all employees back to the office: what it signals for remote work
Two of the largest employers in the U.S. are sending the same message to their workforces: the era of widespread hybrid work may be losing...