Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
Kroger is closing about 60 stores by the end of 2026, and FOX Business counted at least 39 already shut across nine banners by mid-August
Kroger told investors in June 2025 that it would close approximately 60 stores over the next 18 months, and that clock runs out at the...
Leslie’s filed for bankruptcy with 943 company-operated stores as of July 4 and is closing 76 more, but says gift cards, store credit, returns and loyalty benefits will still be honored
Leslie’s, the pool-supply chain, filed for Chapter 11 bankruptcy on September 30 with 943 company-operated stores in 38 states as of July 4, and it...
Dollar Tree shoppers allege in a federal lawsuit that the chain raised prices over Trump’s tariffs, then kept about $369 million in refunds after the tariffs were struck down
Shoppers have sued Dollar Tree in federal court, alleging the discount chain raised shelf prices to cover President Trump’s tariffs and then kept roughly $369...
Netflix plans to lay off nearly 1,000 workers, its biggest round of job cuts in years
Netflix told employees on October 14 that it will lay off about 6% of its workforce, nearly 1,000 positions, in what the Associated Press called...
Seven states and the Federal Trade Commission asked a court to hold Martin Shkreli in contempt, saying he broke his lifetime drug-industry ban by trading stocks of at least 60 companies
The Federal Trade Commission and seven states asked a federal court on October 13 to hold Martin Shkreli in civil contempt, alleging that he has...
Haynes Furniture and The Dump are closing all 12 stores after 128 years
Haynes Furniture and The Dump, a family-owned company based in Virginia Beach, announced on October 8 that all 12 of its stores will close for...
True Food Kitchen filed Chapter 11 after closing 12 restaurants on October 4
True Food Kitchen served its last meals at 12 of its 46 restaurants on Sunday, October 4, and filed for Chapter 11 protection the same...
Leslie’s, the pool-supply chain with more than 900 stores, filed Chapter 11 and is closing 76 of them while honoring gift cards and loyalty points
Leslie’s, the pool-supply chain with more than 900 stores in 38 states, says every gift card and Pool Perks loyalty benefit will still be honored...
Kroger plans to cut roughly 3,000 corporate roles over three years and says the savings will help it lower prices to compete with Walmart and Aldi
Kroger plans to cut roughly 3,000 corporate jobs over the next three years, about 37% of its 8,200 corporate employees, and says the savings will...
IKEA is closing its three Washington-area plan-and-order stores by November 30
IKEA is closing all three of its small plan-and-order stores in the Washington, D.C. area, and the last one shuts November 30. Georgetown, in the...
Volkswagen is recalling 22,524 ID.4 electric SUVs over a battery fire risk and told owners to limit charging until a fix is ready
Volkswagen Group of America has told federal safety regulators that 22,524 electric SUVs, the 2023 through 2026 model years of the ID.4, have a high-voltage...
Honda is recalling 4,206 motorcycles whose fuel pumps can fail, with free repairs
Honda is recalling 4,206 motorcycles in the United States because a manufacturing defect can make the fuel pump fail and stall the engine, which the...
Roadmaster is recalling 24,656 tow bars that can separate from the hitch
Roadmaster Inc. is recalling 24,656 tow bars, the equipment that lets a motorhome pull a car behind it, after a small part was found able...
Home Depot keeps helping Connecticut customers of bankrupt Wren Kitchens through October 31, after $1.235 million in relief to 286 of them
Home Depot will keep helping Connecticut customers of the bankrupt Wren Kitchens through October 31, Attorney General William Tong announced on October 5, after the...
Starbucks is closing five Washington stores and cutting 51 jobs starting November 14
Starbucks told Washington state on October 7 that it is closing five coffeehouses and ending the jobs of 51 employees, with separations running from November...
Teleflora’s settlement would pay up to $251 a claim to people on the Do Not Call list who got two or more of its promotional texts, and claims close November 17
People on the National Do Not Call Registry who received promotional texts from Teleflora can file claims worth up to $251 each in a Florida...
The PG&E Fire Victim Trust makes its final pro rata payment October 14, bringing wildfire victims to 71.25 percent of their awards with no further rounds
The Fire Victim Trust set up to pay people burned out by PG&E’s wildfires will make its last pro rata payment on October 14, 2026....
Amazon’s return settlement sends 92.7 percent of the net fund to shoppers who never file a claim form
Amazon’s $309.5 million return-policy settlement splits its net fund between two groups of shoppers, and the larger group has nothing to file. Settlement Subclass A...
Leslie’s closed 76 stores and filed for bankruptcy, cancelling its shareholders
Leslie’s, Inc., the pool and spa supplies retailer, filed voluntary prearranged Chapter 11 petitions on September 30, 2026 in the U.S. Bankruptcy Court for the...
Amazon’s Prime refunds keep going out through April 2027, from a $1.5 billion pot
Amazon is still sending automatic Prime refunds, and the Federal Trade Commission says the payments will continue through April 2027 under a revised settlement order....