Silicon Valley Journals 
General Motors (GM) has become the latest major company to lay off employees in order to cut costs and increase profits. The automaker recently announced the elimination of approximately 500 positions across various functions within the company. The job cuts come as a surprise since just a month ago, GM CEO Mary Barra and CFO … Read more
Thoughtworks is the latest technology company to join the ongoing trend of layoffs as the global economy slows. When reached for comment on Wednesday, the software consultancy firm stated that it had laid off about 4% of its global workforce, or approximately 500 employees. According to TechCrunch, the company informed affected employees about the decision … Read more
Goldman Sachs, a leading US bank, recently had to make the difficult decision to lay off up to 3,200 employees in response to economic difficulties impacting the fintech industry and the global economy at large. This represents the largest round of layoffs for the company since 2008, during the global financial crisis. Despite the cuts, … Read more
LongRun PBC, a Belmont-based online seller of low-carb and keto products, has filed for Chapter 11 bankruptcy protection. The company operates under the brand name Keto and Co. and sells low-carb and keto foods wholesale through Amazon and its own e-commerce websites. Established in 2014, the company reported $1.34 million in assets and about $2.34 … Read more
Zugo Bike is represented in the Chapter 7 case by attorney Todd Headden of Hayward PLLC.
Cactus and its affiliates announced today that the acquisition of FlexSteel and certain of its affiliates has been completed. Cactus amended and restated its existing credit facility in connection with the acquisition to provide for a $125 million term loan and $225 million in revolving commitments. In addition to funding the $125 million term loan, … Read more
Rocket Software, Inc., a global technology leader that develops enterprise software for some of the world’s largest corporations, announced today the acquisition of Key Resources, Inc. (KRI), a 30-year leader in mainframe security and vulnerability identification and assessment. Rocket Software’s mainframe security capabilities will be strengthened as a result of the acquisition, allowing its customers … Read more
Tyler Technologies, Inc., today announced the acquisition of Safeground Analytics, a company that provides exceptional real estate appraisals and assessments to states, counties, and municipalities. Safeground adds an experienced team of appraisers, analysts, statisticians, economists, computer scientists, and assessors to Tyler’s existing appraisal services business to provide residential and commercial reassessments. Tyler has been working with … Read more
Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in redefining the world of work, announced today the acquisition of Leapgen, a leading Human Resources (HR) technology advisory firm focused on digital strategy and transformation, workforce solutions, and improving employee experience. The acquisition enhances Mercer’s position as a trusted advisor in the … Read more
BetaNXT, a provider of wealth management infrastructure software with real-time data capabilities and an enhanced advisor experience, today announced the acquisition of Mediant Communications (“Mediant”) by certain BetaNXT affiliates. Mediant is a provider of investor communications technology and technology-enabled solutions to banks, brokers, corporations, funds, and investment managers. The acquisition expands BetaNXT’s suite of wealth … Read more