Tag

Reorganization

All articles tagged with #reorganization

business3 months ago

FTX to Distribute $1.6 Billion to Creditors in September

FTX will distribute approximately $1.6 billion to creditors in its third distribution on September 30, 2025, following its Chapter 11 reorganization plan. Eligible creditors must complete KYC, tax forms, and onboarding with designated service providers (Bitgo, Kraken, Payoneer) to receive funds, which will be paid directly to these providers. The distribution includes various classes of claims, with some receiving up to 120%.

environment4 months ago

Trump Administration Moves to Expand Road Construction in National Forests

The Trump administration's USDA is seeking public input for only three weeks on its plan to revoke the 2001 Roadless Rule, which protects 59 million acres of US forest land, raising concerns about limited public participation and potential weakening of forest conservation efforts amid proposed US Forest Service reorganizations.

business5 months ago

Amazon Restructures Wondery Podcast Studio, Lays Off Over 100 Staff

Amazon is restructuring its Wondery podcast network, laying off about 110 staff, with Wondery CEO Jen Sargent departing. The company will integrate Wondery's existing series into Audible or its new creator services team to better compete with platforms like Spotify and YouTube, amid industry shifts towards video content. The move aims to streamline operations and enhance sponsorship opportunities, reflecting challenges in the podcast industry despite growing listener numbers.

government5 months ago

USDA Plans Major Reorganization to Bring Staff Closer to Farmers

The USDA plans to relocate over half of its Washington, D.C. workforce to regional hubs across the U.S. as part of a reorganization aimed at reducing costs and bringing services closer to communities, while allowing over 15,000 employees to leave through early retirement or resignation offers. The move will impact about 4,600 employees in D.C., with a phased approach and efforts to minimize disruption, and will include vacating some underutilized buildings.

government6 months ago

VA Reduces IT Workforce and Reorients Tech Funding Amid Modernization Efforts

The Department of Veterans Affairs is reducing its IT workforce by nearly 12% through voluntary separations, reallocating over $89 million of its budget to other priorities, and pausing new IT procurements to focus on core missions and improve efficiency, while seeking legislative flexibility to enhance agility in IT spending.