Streetbeat News

Labor Issues

RM

Regional Management Corp. announced that Executive Vice President and COO John Schachtel is leaving the company. Responsibilities will be absorbed by President and CEO Rob Beck and other executive team members.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:31 pm

XRX

Xerox Holdings Corporation (NASDAQ:XRX) shares fell after announcing a 15% workforce reduction as part of its new operating model and organizational structure, aiming to advance its Reinvention. The Reinvention focuses on three key areas: Core Print Business, Global Business Services, and IT and Digital Services. The executive team has been realigned to support strategic execution. The stock drop was exacerbated by rising Treasury yields impacting the tech sector.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 9:14 pm

COLD

Americold Realty Trust announced that CFO Marc Smernoff will depart on January 12. Jay Wells will replace him as CFO effective January 15. The transition in the financial leadership may impact investor confidence and the company's strategic direction.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:10 pm

FHTX

Allan Reine, CFO of Foghorn Therapeutics, is set to leave the company to pursue another opportunity. This executive change may raise concerns among investors regarding the company's financial leadership stability.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:05 pm

XRX

Xerox Corporation announced a 15% reduction in its workforce, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:14 pm

XRX

Xerox shares have fallen by 11.7% following the company's announcement of a 15% reduction in its workforce.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:12 pm

WAVS

Western Acquisition Ventures Corp (WAVS) has announced the resignation of Stephen Christoffersen as CEO and William Lischak as CFO, effective December 27, 2023, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:55 pm

TCBP

TC BioPharm's stock price is down following the announcement of cost-cutting measures, which include a significant reduction of its workforce by 50%.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:38 pm

C

GS

Manhattan's office attendance is rebounding, with visits to office buildings rising above the national average. Goldman Sachs Group Inc (GS) and Citigroup Inc (C) have seen significant increases in office visits due to strict return-to-office policies. The trend towards hybrid work is evident, with more employees coming in midweek. Recovery rates vary by neighborhood, influenced by factors like industry and commuting distances. Subway usage is recovering, indicating a return to pre-pandemic commuting patterns. This resurgence has implications for various stakeholders, including local businesses and real estate.

Portfolio Pulse from AJ Fabino

January 03, 2024 | 5:34 pm

EVO

Evotec SE has announced a CEO transition with Dr. Werner Lanthaler stepping down for personal reasons. Dr. Mario Polywka, former COO and current Supervisory Board member, will serve as interim CEO. The company has confirmed its guidance for 2023.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 5:32 pm