Jack in the Box is seeking to offload its struggling Del Taco restaurant business and suspended its dividend as part of a restructuring plan under new CEO Lance Tucker.
Read More Jack in the Box explores Del Taco sale in strategic review, halts dividend; shares fall
Southwest Airlines slashed 15% of its corporate workforce in an effort to cut overhead costs.
Read More Southwest Airlines Announces 15% Corporate Staff Layoffs To Reduce Costs
In tragic news for “Grand Slam” breakfast lovers in the U.S., Denny’s will close 150 locations over the next year, cutting their hours of operation and menu options by more than half as the financially-pressed diner establishment cuts back on spending, the eatery said on Tuesday.
Read More Denny’s Closing 150 Locations By End Of 2025
Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering.
Read More Reddit targets up to $6.4 billion valuation in much-awaited US IPO