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Corporate restructuring

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Popular Fast Casual Dining Chain Files For Bankruptcy Popular Fast Casual Dining Chain Files For Bankruptcy
Popular Fast Casual Dining Chain Files For Bankruptcy A popular fast casual dining chain has filed for bankruptcy after months of reporting financial distress. BurgerFi International, Inc., announced the Chapter 11 filing on Wednesday, Sept. 11. The Florida-based company is also the parent company of Anthony’s Coal Fired Pizza. All 144 locations of the two brands across the the nation will remain open and continue normal operations. BurgerFi makes up 93 of the eateries, and Anthony's the other 51. The Chapter 11 filing includes the 67 corporate-owned locations of both brands. "BurgerFi and Anthony's Coal Fired Pizza & Wings are dyn…

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by Joe Lombardi
Business
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond To Eliminate Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi
Business
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens of popular and prominent radio hosts across the country were the victims of layoffs at iHeartMedia, the company announced. IHeartMedia, which proclaimed itself “the No. 1 audio company in America” and owns more than 850 radio stations, announced the reorganization as a way to group its markets “by common needs and characteristics” into three divisions, the company said in a release. It is unclear how many of the company’s 12,500 employees were laid off. The layoffs came the day after iHeartMedia announced it would be promoting nine executives to serve as division presidents under the…

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by Zak Failla