Corporate Shakeups
Major layoffs, company closures, industry disruptions, recalls, platform shutdowns, and business events that affect consumers and workers.
Latest in Corporate Shakeups
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...
Abbott will pay more than $384 million to settle claims over infant formula billed to Medicaid and WIC
Abbott Laboratories, the Illinois-based healthcare company that manufactures and sells infant formula and nutritional therapy products, agreed to pay $384,999,040 to settle federal and state...
Regulators say the fund’s chief executive took more than $7 million of investor money for himself
At least $7 million in investor money moved out of two Pacific Private Money Group funds and into accounts controlled personally by the funds’ founder,...
Investors in a collapsed California fund are owed $121 million and under $17 million is recoverable
The Securities and Exchange Commission says the two Pacific Private Money Group funds at the center of a Northern California fraud case still owe investors...
Providence is also cutting loose more than 260,000 commercial members and 58,000 Medicaid enrollees
Providence Health Plan is walking away from health insurance entirely, and the wind-down reaches far beyond the roughly 64,000 Medicare Advantage members whose coverage already...
Dell is cutting about 4,000 jobs, its third straight year of shrinking its staff by roughly a tenth
Dell confirmed roughly 4,000 layoffs on September 4, hitting IT and engineering teams including roles in Bangalore, the latest round in a stretch that has...
Nearly 7,900 U.S. stores are set to close this year as chains shrink
Retail analysts at Coresight Research now project that nearly 7,900 U.S. stores will close before the end of 2026, a full-year estimate built from the...
Campbell’s is cutting 13% of its workforce as packaged-food sales slump
Campbell’s, the Camden, New Jersey-based maker of soup, Goldfish crackers and Prego sauce, told investors on September 3 that it has cut its salaried workforce...
Uber is cutting about 3,400 jobs, a tenth of its workforce
Uber Technologies is cutting roughly 3,400 corporate jobs, about a tenth of its global workforce, under a restructuring that chief executive Dara Khosrowshahi outlined to...
CVS will add stores in 2026 for the first time in five years, closing only a few dozen
CVS Health expects to open roughly 60 stores in 2026, the company’s first increase in its store count in several years, after closing 271 locations...
Oracle’s 30,000 job cuts are the largest of a 2026 layoff wave that has now passed 209,000 workers
Oracle’s decision to eliminate roughly 30,000 positions this year now stands as the single largest job cut of 2026, a reduction equal to nearly one-fifth...
Kroger is closing about 60 supermarkets, and shoppers in five states may have to move a prescription
Kroger plans to shut roughly 60 underperforming supermarkets over about 18 months, a retrenchment already visible in Georgia, Illinois, Indiana, Virginia, and West Virginia. For...