[ad_1] “Europe is a very important market for us and has been since the beginning of OnePlus,” the spokesperson told Engadget. “We’re doing some strategic restructuring in Europe, and in fact are even hiring in the region.” One source added that the teams in Denmark, Finland, Netherlands and Belgium appear to be unaffected, as these […]
Category: restructuring
Faraday Future founder files for Chapter 11 bankruptcy
[ad_1] In the proposed plan, Yueting will use his ownership stake in the long-troubled, cash-strapped EV startup Faraday Future to create a creditor trust and repay his debts. That’s not a total surprise. Last month, Yueting stepped down as CEO in order to create this trust. According to Faraday Future, the restructuring will not affect […]
Faraday Future CEO will reportedly resign as part of restructuring plan
[ad_1] The company hasn’t delved into specifics for the restructuring strategy, according to the report, but said this would likely involve a partnership. We’ve asked Faraday Future for comment. However well a restructuring works, the departure of Jia Yueting could play a crucial role in the company’s chances — or at least, its perception. The […]