United Furnishings Industries’ lenders claimed in court docket filings that they had been shocked by the corporate’s transfer earlier than Thanksgiving abruptly fired its 2,700 workers in the course of the night time – Revealing for the primary time the unusual chain of occasions that led to the sudden massacre. Layoffs on November 21 – … Read more
As we speak in December 2008 when FBI brokers lay Bernie Madoff’s Ponzi Scheme In shackles they are going to be saved for generations – and never simply by the individuals who misplaced every little thing. The numbers have been wonderful. A whopping $19 billion, all gone, stolen from over 40,000 buyers – The New … Read more
Robert Daly | Getty Photos For a lot of entrepreneurs, promoting or transferring a enterprise is like giving up a toddler they’ve raised since childhood. Positive, there’s quite a bit at stake economically, provided that 80% to 90% of householders have their monetary fortunes locked up of their firms, estimates the Exit Planning Institute, an … Read more
Andrepopov | iStock | Getty Pictures Layoffs this yr It was principally confined to the hardest-hit sectors of the financial system, particularly expertise. However relying in your business, you possibly can end up nose to nose with a layoff if the financial system slows dramatically in 2023, and it isn’t all the time clear what … Read more
