Apple veteran takes Sonos CFO seat
CFO Dive
JANUARY 10, 2024
Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.
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CFO Dive
JANUARY 10, 2024
Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.
Global Finance
DECEMBER 26, 2024
Technology quickly took off. This involved restructuring the former company, setting up the right platform, and securing the proper capital structure. Thryv was formed in a 2017 merger between Dex Media, a Yellow Pages publisher that restructured its debt in 2016, and YP Holdings, another Yellow Pages publisher.
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Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
Global Finance
JANUARY 31, 2025
Jesper Koll, a board director of the Okinawa Institute for Science and Technology, wrote in his newsletter, The Japan Optimist, that new CEOs, unlike their predecessors, are embracing external innovation. In January, SoftBank doubled down on its commitment to technology-driven innovation.
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
Operational Strength Starts with People: The New Rules of Finance Leadership
What Your Financial Statements Are Telling You—And How to Listen!
PYMNTS
JUNE 4, 2019
Wells Fargo announced on Tuesday (June 4) that it has restructured its commercial banking business. With the new specialized industries group, Wells Fargo will provide experts in food, beverage and agribusiness, investor real estate, government and technology industries.
Advertiser: GEP
From new pricing strategies and material substitutability to alternative suppliers and stockpiling, a new GEP-commissioned Economist Impact report reveals that enterprises are adopting a variety of approaches underpinned by data and technology.
PYMNTS
SEPTEMBER 30, 2018
Tencent Holdings revealed that it is restructuring for the first time in six years as it faces tougher Chinese internet regulation. According to Reuters , the Chinese internet giant announced that Tencent executives will consolidate three content business groups to one unit and implement a new group for cloud and smart industries.
CFO Share
MARCH 16, 2021
Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Does your small business need debt restructuring? Nowadays predatory small business lenders use internet-based technology to speed up the process, allowing you to make a terrible business decision in under 10 minutes! .
E78 Partners
MARCH 21, 2025
Depending on the investment strategy, a PortCo may focus on expansion, restructuring, operational improvements, or preparing for an eventual sale or IPO. Distressed Investments and Turnarounds Private equity firms invest in struggling or underperforming companies to restructure and revitalize operations.
CFO Talks
NOVEMBER 29, 2024
Notably, she reversed a decade-long loss at Coca-Cola, doubled profits, and restructured major funding. Let’s start with this: Gas de Cameroon is recognized for its use of advanced extraction technologies, which offer significant operational advantages but often come with substantial upfront costs. You have such a wealth of experience.
PYMNTS
AUGUST 28, 2020
Johnson estimates that most of the cuts will come in technology, human resources and finance. Reuters quoted Dennis Baden , partner in charge at executive search firm Heidrick & Struggles, as saying: “We didn’t see a lot of restructuring or layoffs with the banks (earlier in the pandemic). We’re starting to see it now.
PYMNTS
OCTOBER 30, 2019
Germany’s Deutsche Bank reported a net loss below market expectations amid a restructuring plan that includes about 18,000 layoffs, The Wall Street Journal (WSJ) reported Wednesday (Oct. The restructuring has Deutsche Bank leaving equities trading along with other operations that aren’t profitable.
Future CFO
JANUARY 2, 2024
At the backend, a fast-paced financial restructuring was taking place. “We MAG was one of the first aviation groups to embark on a restructuring during the pandemic. This proved to be a challenging feat as MAG has over 75 major creditors/lessors from across the world impacted by the restructuring.
CFO News Room
JANUARY 5, 2023
The company said it is exploring financial options including restructuring, seeking additional capital or selling assets, in addition to a potential bankruptcy. GE Healthcare Technologies — Shares of the new public company fell 3% on their second day of trading, after rallying 8% on Wednesday.
PYMNTS
AUGUST 23, 2020
The pandemic has fueled the need for European banks to restructure following years of poor performance. He told WSJ that he plans to invest in technology to cut costs. Banking is still banking but technology has an increasingly important role to play in it,” Quinn told the paper. In the U.K., In the U.K.,
PYMNTS
JUNE 4, 2019
Wells Fargo announced Tuesday (June 4) it has restructured its Commercial banking business. With the Specialized Industries group, which is newly created, Wells Fargo will provide experts in Food, Beverage & Agribusiness, Investor Real Estate, Government and Technology industries.
Future CFO
FEBRUARY 13, 2025
Digital Transformation: As companies in APAC embrace digital transformation, the role of a CFO has evolved to include driving technology adoption and data-driven decision-making. Flexibility: Fractional CFOs can be engaged for specific projects, such as fundraising, mergers and acquisitions, or financial restructuring.
E78 Partners
NOVEMBER 25, 2024
Transaction services have become essential for businesses navigating complex financial landscapes in today’s fast-paced and technology-driven world. Choosing transaction services can be invaluable for businesses navigating complex financial events, whether they involve acquisitions, mergers, divestitures, or restructuring.
PYMNTS
OCTOBER 23, 2019
B2B FinTech BitPesa , which operates a platform offering foreign exchange and cross-border payment services, is restructuring and has announced new funding to support its expansion efforts. The company said on Tuesday (Oct. 22) that it is now part of parent company AZA Group, which now encompasses the BitPesa, BFX and TransferZero brands.
CFO News Room
JANUARY 4, 2023
Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. after GE Healthcare Technologies became a separate public company Wednesday. General Electric — Shares gained 3.2%
Accountancy Today
MARCH 1, 2023
Following the sale Truphone’s new owners will focus on expanding the business’ compliance solutions as well as its eSIM technology. The firm has coverage across 200 countries, with 400 direct network agreements in place.
E78 Partners
MARCH 21, 2025
It ensures financial, operational, technological, and cultural alignment to maximize deal value and minimize disruption. Technology and System Integration: Merging IT infrastructures , unifying data, and strengthening cybersecurity. Human Resources (HR): Manages talent retention, restructuring, and cultural alignment.
CFO News Room
DECEMBER 15, 2022
Discovery’s stock shed more than 7% after increasing its restructuring cost estimates by $1 billion. Verizon , AT&T — The communication technology stock added 1% after Morgan Stanely upgraded it to overweight from equal weight , saying its shares were attractive compared with historical levels.
CFO Talks
MARCH 11, 2025
Whether its adopting new technology, restructuring the organisation, updating processes, or shifting company culture, businesses must evolve to stay competitive. Several key trends are shaping the future of change management: Technology is driving change at an unprecedented rate. However, change can be challenging.
PYMNTS
DECEMBER 23, 2020
That arm of the financial technology (FinTech) giant offers a virtual credit card. Howard Yu , director of the Swiss–based International Institute for Management Development, told PYMNTS that a restructuring may be on the horizon. The company did not elaborate. Now, the future of Ant Group is up for debate.
PYMNTS
APRIL 13, 2020
As a globally recognized leader in B2B product innovation, WEX sets a standard in the industry with their market-leading technology capabilities, agility in the marketplace and people-first culture,” said Aquilina. “I He also previously worked at U.S. Bank and was in charge of fleet card programs. “As
PYMNTS
SEPTEMBER 19, 2019
Deposit Solutions provides open banking technology that allows more than 100 banks across 18 countries to offer their customers products from third-party banks. A combination of the two German banks via a merger has been under discussion since 2016, before either was forced to restructure. Deutsche Bank has acquired a 4.9
CFO Talks
FEBRUARY 17, 2025
However, without a strong human oversight framework, technology alone cannot mitigate all risks. By embedding a strong risk culture, prioritizing threats, regularly testing responses, and leveraging technology wisely, businesses can build resilience and maintain continuity in the face of uncertainty.
CFO News Room
JANUARY 9, 2023
Baxter International – Health care company Baxter International slipped 7.4%, hitting a 52-week low, after it announced it will restructure and spin off its kidney care business. Monolithic Power Systems – Shares of Monolithic Power Systems gained 6.4% amid the semiconductor rally, following shares of Nvidia and Advanced Micro Devices.
PYMNTS
NOVEMBER 4, 2020
London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations. While the bank intends to create 300 new jobs, it will eliminate more than 1,000.
Fpanda Club
MARCH 28, 2021
Recent technological advancements and constant changes in the business environment enable the finance function in general and FP&A teams in particular to adopt new ways of work, new practices, new tools to meet the needs of their internal and external customers.
Future CFO
FEBRUARY 13, 2023
The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added. She also cited regaining financial institutions’ confidence in the Group post-restructuring as another challenge. Keeping abreast with the latest technologies and products is also essential,” she offered.
PYMNTS
NOVEMBER 3, 2020
Still, he said there are best practices and better ways to restructure for a fraud-rich environment that will protect customers without drowning them in frictions that will make them want to bail out of the experience entirely. Leveraging The Power Of Layers .
CFO News
SEPTEMBER 15, 2024
The bulk of the layoffs is reportedly centred in the advisory and technology divisions, with a significant number of affected employees located offshore. Besides the layoffs, PwC’s products and technology teams are expected to be integrated into various business units.
Barry Ritholtz
JULY 14, 2023
My end-of-week morning offsite reads: • Google’s AI Blunders Rival Xerox’s PC Mistakes : The “T” technology behind ChatGPT was devised at Google but languished there. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring. Sound familiar?
Global Finance
JUNE 4, 2024
Fragile fiscal balances, ongoing external debt restructuring and high debt servicing costs. Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. Entrenched corruption and bureaucratic red tape. Excessive reliance on tourism and textiles.
Global Finance
APRIL 7, 2025
Regional debt is below the global average (with the notable exceptions of China and Japan), and local capital markets are rapidly developing in depth and sophistication, propelled by distributed ledger technology (DLT). In the event of a debt restructuring, they will receive the same treatment. However, its low fertility rate of 1.9
PYMNTS
NOVEMBER 5, 2018
Chinese conglomerate Tencent is the latest to step into the blockchain trade finance space via its FinTech unit Tencent Financial Technology, according to reports in China Daily on Friday (Nov. Its focus on trade finance and SMB services marks Tencent’s recent restructuring and refocus on B2B operations.
CFO News
SEPTEMBER 27, 2024
Despite challenges like high funding costs and sluggish demand recovery, sectors such as consumer products, ecommerce, healthcare, and technology show immense growth potential. India, poised to become the world's third-largest economy by decade's end, is on a high-growth trajectory.
CFO News
SEPTEMBER 26, 2024
Despite challenges like high funding costs and sluggish demand recovery, sectors such as consumer products, ecommerce, healthcare, and technology show immense growth potential. India, poised to become the world's third-largest economy by decade's end, is on a high-growth trajectory.
PYMNTS
DECEMBER 28, 2020
Will Chinese Authorities Force Ant To Restructure? . Howard Yu , LEGO professor of management and innovation and director of IMD’s signature program, Advanced Management Program (AMP), told Karen Webster last month that regulators would soon force Ant to restructure to address such concerns.
PYMNTS
JUNE 7, 2019
In a year that has been marked by mega mergers in the payments space (linking networks, technology and a continuum of products and services), several themes dominate: scale, digital, real-time and cross-border. MoneyGram Works to Restructure Debt; Could Seek Buyer. million as of the end of September.
PYMNTS
FEBRUARY 12, 2019
Management had pointed to such impact in its last conference call and, this time around, gave the nod to continued traction in digital efforts and restructuring activities that set the stage for growth in the longer term. That agreement helps clear the way for MoneyGram to restructure its debt. million missed the consensus of $359.1
PYMNTS
JUNE 29, 2020
90-day payment terms may not be long enough for Akamai Technologies , recent reports in The Wall Street Journal said. For others, Akamai said it agreed to restructure existing contracts. But according to the firm, some clients may not meet that 90-day deadline.
PYMNTS
DECEMBER 29, 2020
We have a range of high growth products that complement our core apartment search websites, and we are excited to emerge from restructuring and continue to build on this foundation.".
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