Tag Archives: restructuring
OnePlus downsizes European teams to focus on key markets
Faraday Future founder files for Chapter 11 bankruptcy
Faraday Future founder Jia Yueting has filed for Chapter 11 bankruptcy in a bid to settle his exorbitant personal debts. The move is part of a larger recovery plan, and it's meant, in part, to regain credibility for Faraday Future. Though there's no...
LG Display’s TV and phone screens struggle against cheaper Chinese rivals
Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept the resignation of Han Sang-beo...
Faraday Future CEO will reportedly resign as part of restructuring plan
Faraday Future isn't just relying on its recent bailout to bring its electric car plans back on track. According to Pandaily, it's embarking on a restructuring plan that will see its polarizing CEO Jia Yueting step down. He's reportedly aiming to a...
One of Apple’s display suppliers is in dire financial trouble
Japan Display's reluctance to embrace OLED manufacturing has cost it dearly. The firm took a net loss of ¥31.5 billion ($287,185,500) from April to June. "We have decided to make a strategic change as we would have no future in the smartphone bus...
Nikon cancels DL compacts amid ‘extraordinary’ losses
Nikon has cancelled the DL series premium compact cameras it was hoping to pit against Sony and Panasonic. The lineup was supposed to launch in June of 2016, but was delayed due to problems with the electronics. Since then, its rivals have released n...
Toshiba to cut 6,800 jobs following accounting scandal
The fallout from Toshiba's accounting scandal is hitting in force, and it's not pretty. The Japanese company has announced that it will take a $4.5 billion loss and cut 6,800 jobs, or about 30 percent of its total consumer electronics workforce. Alth...
HTC won’t talk about its own future any more
A few months ago, we suggested that HTC could be the first really big Android manufacturer to go to the wall. In the wake of the firm's most recent update on its financial health, we're not really able to say anything different. The firm has posted...
Google is now Alphabet, the owner of Google
The paperwork is filed and it's official: Google has restructured itself into Alphabet. As of the close of business today shares of the old Google are now part of Alphabet, which counts Google as a subsidiary. On our end, this doesn't change much -...