Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
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 Co. is eliminating roughly 1,000 positions across television, film, marketing, and corporate divisions, CEO Josh D’Amaro told employees in an internal memo in...
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...