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Walmart plans job cuts in restructuring push to simplify operations

CFO News

Walmart, a major US retailer, plans to reduce its workforce. This decision is part of a restructuring effort. The company will eliminate around 1,500 positions. The aim is to simplify operations. The cuts will affect technology, e-commerce fulfillment, and advertising teams. The company will also create new roles.

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JCPenney Explores Debt Restructuring Options With Advisers

PYMNTS

To look into debt restructuring options that would provide the retailer more time to make a turnaround, JCPenney Co Inc has reportedly hired advisers. The retailer is said to be looking into options encompassing negotiating with creditors or raising more cash. The retailer operates over 860 stores and has 95,000 workers.

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McKinsey’s Koller: Valuation Isn’t Broken—Expectations Are

Global Finance

If your supply chain is highly specialized, that could take years to restructure. People are thinking about it and making plans, but for the most part, the timeframe of any kind of major structural change is fairly long, and you don’t want to commit to it until you probably know more about what’s going on.

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From Crisis to Comeback: Louis Klopper’s Turnaround Playbook for CFOs 

CFO Talks

Whats Your Plan B? Louis is known for his mantra: Whats your Plan B? Edcon: A Real-World Turnaround Case Study Edcon, once a leading retail conglomerate in South Africa, faced severe financial distress due to a combination of factors, including aggressive expansion, mounting debt, and shifts in consumer behaviour.

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Larry Chester Featured on NACD BoardTalk: Small and Medium-Sized Businesses: What’s Your Plan for 2022?

CFO Simplified

Larry Chester, CEO of CFO Simplified, was featured on NADC BoardTalk to discuss business planning for small to medium-sized businesses in 2022. His team serves as fractional CFOs to companies in many industries, from start-up to middle market, providing cash flow planning and other services that drive profitability.

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BCBG Closes Stores, Faces Restructuring

PYMNTS

BCBG announced plans to close stores and restructure the company due to mounting pressure from its debt burden and more consumers opting to shop online. But the retailer now has “too large a physical retail footprint,” Lubove explained. “In told Bloomberg in an emailed statement. told Bloomberg in an emailed statement.

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

PYMNTS

As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity. PNC Bank plans to reduce the count of its branch offices through next year, Fox Business reported. In the U.S.,

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