SAP CEO Christian Klein speaks at a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. Stefan Wermuth | Bloomberg | Getty Images SAP said on Tuesday that it aims to carry out voluntary buyouts or enable job changes for 8,000 employees as part of … Read more
Igor Golovniov | LightRocket | Getty Images Enphase Energy will lay off 10% of its global workforce as part of a restructuring plan, the solar company disclosed in a regulatory filing on Monday. Enphase manufacturers microinverters that convert solar energy into usable electricity. The company’s stock is down 53% this year as high interest rates … Read more
HONG KONG — A Hong Kong court postponed until Jan. 29 a court hearing scheduled for Monday on troubled Chinese property developer Evergrande’s winding-up petition. Evergrande is trying to win support from its creditors for a plan to restructure more than $300 billion in debt to stave off liquidation. The company’s lawyer told the court … Read more
Sri Lanka says it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring ByBHARATHA MALLAWARACHI Associated Press November 29, 2023, 8:21 AM FILE – A man fills gas into a vehicle at a fuel station in Colombo, Sri Lanka, on March 29, 2023. Sri Lanka said … Read more
Three senior executives are leaving Byju’s as a part of a restructuring on the edtech group, essentially the most priceless Indian startup mentioned Tuesday. Mukut Deepak, who led the lessons 4-10 enterprise; Himanshu Bajaj, head of the tutoring facilities, and Prathyusha Agarwal, Byju’s chief enterprise officer are leaving the agency, the Bengaluru-headquartered startup mentioned. Byju’s, … Read more