restructuring

Getty Images to go private in debt restructuring with up to $533 million in fresh equity

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Getty Images plans to go private under a debt restructuring deal. (Unsplash)

Getty Images has secured support for a major debt restructuring deal. The visual-content company said on Monday that its major creditors and investors had agreed to support a plan to reduce its debt, raise fresh money and take the company private. Getty Images plans to go private under a debt restructuring deal. (Unsplash) The company … Read more

Uber announces 3,300 layoffs in major restructuring; stock rises 2.4%

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Uber shares rise after the company announces 3,300 job cuts. (Representational Photo/REUTERS)

Uber shares rose after the company announced major job cuts. Uber Technologies shares rose about 2.4% in Wednesday morning trading after reports that the company plans to cut around 3,300 jobs, or roughly 10% of its global workforce. The layoffs are part of a restructuring aimed at reducing management layers, cutting costs and making the … Read more