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McKinsey shutting down restructuring business - WSJ

McKinsey & Co on Tuesday denied a media report that said the consulting firm was shutting down its corporate restructuring practice.

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McDonald's temporarily shuts US offices, prepares layoff notices, Wall Street Journal reports

Burger chain McDonald's Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday.

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Virgin Orbit's near future in "substantial doubt" over cash position - filing

Richard Branson's Virgin Orbit Holdings in a U.S. regulatory filing on Monday said there is "substantial doubt" its cash position will allow it to continue operating for at least the next 12 months.

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Netflix restructures film group as it scales back movie output - Bloomberg News

Video streaming service Netflix Inc is restructuring its film group, which will result in layoffs and the departure of two of its most experienced executives, Bloomberg reported on Thursday.

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VIEW Sergio Ermotti makes surprise comeback to lead UBS into new era

Veteran investment banker Sergio Ermotti is returning to take the top job at UBS as the Swiss lender prepares for the mammoth task of integrating failed cross-town rival Credit Suisse.

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Disney lays off Marvel Entertainment Chairman Ike Perlmutter

Walt Disney Co has laid off Marvel Entertainment Chairman Isaac "Ike" Perlmutter as part of a cost-cutting campaign, a source confirmed on Wednesday.

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NZ's Sky Network TV to cut 170 jobs amid broader restructuring

New Zealand's Sky Network Television Ltd said on Wednesday it would cut around 170 full-time roles by the end of June as part of a proposed reorganisation.

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Cash-strapped biotech firm Codiak files for bankruptcy protection

Codiak BioSciences Inc said on Monday it has filed for U.S. bankruptcy protection in the latest blow to the struggling drug developer's ambitions of making a COVID-19 vaccine.

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Capricorn Energy to cut jobs in UK as it focuses on Egypt

Oil and gas producer Capricorn Energy said on Thursday it would cut three fourths of its UK staff to keep less than 40 employees there as the oil and gas producer focuses on its Egypt operations.

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Unicredit German unit to take significant portion of job cuts under new plan - source

UniCredit’s German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank’s new business plan, a person close to the matter said.

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