#corporate-restructuring

#corporate-restructuring

The move comes as the 5,000-person company faces mounting pressure. Advertising revenue growth flatlined at 4% in the second quarter, and North American daily active users declined 2% to 98 million, a troubling sign in Snap's most important market. Spiegel does highlight one bright spot: Snapchat+ subscriptions now generate over $700 million in annual recurring revenue from more than 15 million paying subscribers, making direct revenue "one of Snap's fastest-growing opportunities."

In an open letter about his plans for Paramount, incoming chairman and CEO David Ellison announced that the business will be split into three distinct units: studios, direct-to-consumer, and TV media.

Thames Water is heavily in debt with £1.27 billion owed to creditors and has incurred £122 million in fines from Ofwat, indicating severe financial distress.

In our decision to restructure, we are aiming to cultivate a resilient company ready for the next decade, which entails embracing a start-up mentality again.

CareerBuilder + Monster's bankruptcy filing highlights the struggles of merging two legacy job platforms in an era of declining sales and job market uncertainty.

Faye Iosotaluno will step down as CEO of Tinder in July after less than a year, focusing on personal ambitions, including supporting women leaders.

The company's decision to form a fellowship indicates a shift in strategy focused on clearer branding and committing to new game releases within a competitive market.

This transaction will enable us to focus our energies and investment resources in other priority areas of growth across our portfolio.