Nike plans to eliminate about 1,400 roles in its global operations business, with technology teams hit the hardest, COO Venkatesh Alagirisamy said in an internal memo. The move is part of the final phase of a turnaround effort “to make Nike simpler and faster,” merging systems, streamlining structures, and reshaping infrastructure and supply-chain alignment. Managers will personally notify affected staff.
Starbucks is laying off workers in its technology division as part of a broader restructuring under new leadership. Some roles currently based in Seattle are expected to move to Nashville, with the company aiming to improve operations and boost sales. More workforce changes are anticipated as the turnaround plan ramps up.
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Zivame, the early home-shopping lingerie brand launched in 2011, is still running losses in 2024 despite being backed by parent Reliance Retail. The question now is whether high customer acquisition costs, stiff competition, and operational inefficiencies prevented growth from translating into profits. Can Zivame finally find a scalable fit and turn around soon?
Habil Khorakiwala’s turnaround of Wockhardt began amid near bankruptcy, including payment defaults to bondholders and troubled manufacturing units. After surviving the company’s worst crises, the focus has shifted to a single blockbuster antibiotic drug hailed as the biggest breakthrough after penicillin. If it scales, Khorakiwala could re-enter the top league again.
India’s copper supply hinges on Hindustan Copper Limited, which controls the country’s operating ore leases yet has long struggled with mining and execution bottlenecks. Now the state-run miner is looking to triple ore capacity to 12 million tonnes per annum by 2030. The question is whether past constraints can be overcome in time.
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