Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
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....
A judge still has to approve Deere’s repair settlement at a Jan. 19 hearing
A federal judge has not yet approved the settlement of the farm-equipment repair antitrust case against Deere & Company. According to the settlement administrator’s website,...
A court pushed the deadline to claim from Deere’s repair settlement to Dec. 31
The deadline to file a claim in the $99 million John Deere repair settlement is now December 31, 2026, after an amended preliminary-approval order replaced...
Consumers who paid for any of 197 generic drugs from 2009 to 2019 have until Nov. 9 to claim from a price-fixing settlement
Consumers who bought certain prescription generics between May 1, 2009, and Dec. 31, 2019, have until Nov. 9, 2026, to file a claim in a...
Starbucks is closing about 250 North American coffeehouses in a second round of cuts
About 250 Starbucks coffeehouses across North America are closing this week, roughly 1 percent of the company’s more than 18,000 locations in the region, Chief...
Kroger is closing about 60 stores and cutting nearly 1,000 jobs
Kroger is cutting nearly 1,000 corporate jobs as it works through a plan to close roughly 60 underperforming stores, a reversal from the company’s earlier...
Rite Aid has vanished as a chain, and its prescriptions moved to CVS and other pharmacies
Rite Aid, a chain that once ran more than 4,000 stores, no longer exists as an operating pharmacy company. Its own website has announced that...
Kroger and FedEx confirmed fresh layoffs this month as hiring cools into fall
Public WARN Act filings show FedEx and Kroger both moving ahead with job cuts that take effect this month, adding two familiar names to a...
U.S. layoffs reached 210,741 workers through mid-September, with AI cited in nearly half
Layoff tracking site SkillSyncer counted 383 separate job-cut events across the U.S. economy through September 17, affecting 210,741 workers, an average of about 811 job...
Oracle cut about 2,500 jobs on September 15, some locked out of Slack before the layoff email
Oracle laid off roughly 2,500 employees on September 15, and for many of them the news arrived as a locked screen before it arrived as...