DEEPSEEK
Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams
Google recently laid off hundreds of employees from its Voice Assistant and hardware teams. The layoffs are part of the company's cost-cutting measures and strategic restructuring amidst the rising competition from companies like Microsoft and OpenAI.
Crypto Lender Celsius to Proceed with Chapter 11 Restructuring Plan
Celsius Network, the bankrupt crypto lender, has announced it will proceed with its Chapter 11 restructuring plan, with a disclosure statement containing information for claim holders to be filed on April 12. The proposed restructuring plan is sponsored by NovaWulf.
Babel Finance explores new restructuring opportunities with DeFi project
Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin using Bitcoin and Ether as collateral.
CoinFlex Creditors Backs Company's Restructuring Plans
CoinFlex may be getting headway with respect to its restructuring plans as the majority of its creditors are backing the idea as revealed in early voting.
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld has become the latest crypto firm to halt trading, deposits, and withdrawals. The lender is exploring improvements in its corporate performance through restructuring exercises.
Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources
Babel Finance has tapped restructuring specialist Houlihan Lokey to explore options for reworking its debt. The firm faces financial difficulties triggered by the current extreme market conditions.
