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Alixpartners

All articles tagged with #alixpartners

business3 hours ago•39 min saved

Lucid Dismisses Bankruptcy Rumors, Confirms AlixPartners Engagement and Cash Cushion

Lucid dismissed a report that its board was weighing bankruptcy or a take-private deal as “completely false,” and said it has liquidity to operate well into next year. The company confirmed it has retained restructuring adviser AlixPartners to support its turnaround, focusing on execution and operations rather than bankruptcy, and stated no special board committee has been formed to pursue drastic scenarios. Lucid ended 2025 with about $4.6 billion in liquidity and drew $800 million from a Saudi-backed facility in July, under new CEO Silvio Napoli who is overhauling leadership. The company acknowledged investor concerns and is due to report first-half results on August 4.

via eletric-vehicles.com|

#alixpartners #bankruptcy-rumors #business

business4 hours ago•2 min saved

Lucid denies bankruptcy chatter as stock volatility persists and restructuring continues

Lucid denied a report that it’s weighing bankruptcy or going private, saying rumors are false and it has liquidity to operate into next year; shares slumped with multiple trading halts before closing down about 16%. AlixPartners was reportedly reviewing options, but Lucid says no board committee has been formed and no bankruptcy recommendations were made. The backdrop includes slower EV adoption, Trump-era policy changes eliminating the $7,500 federal tax credit, 18% U.S. layoffs, missed Q2 deliveries, a leadership reshuffle, and suspended production guidance as the company focuses on reducing inventory and the Gravity SUV, with Saudi PIF backing.

via CNBC|

#alixpartners #bankruptcy-rumors #business

business4 months ago•3 min saved

BrewDog workers wary as sale talks spark fears of breakup

BrewDog has enlisted AlixPartners to attract new investors, a move that could breakup the Aberdeenshire brewer. Unite says staff are upset and worried about their futures, with some having hours cut, while management says the step is prudent and will not affect day-to-day operations. The company employs about 1,400 people across its sites, including Ellon.

via BBC|

#alixpartners #brewdog #business

technology6 months ago•3 min saved

AI speeds work but increases cleanup—new surveys reveal the productivity paradox

A Workday survey of 3,200 employees shows AI speeds tasks but creates more work, with 85% saving 1–7 hours weekly yet about 37% of that time spent on rework and only 14% reporting consistently positive outcomes, illustrating a productivity paradox. Separately, AlixPartners finds 95% of CEOs expect AI-driven layoffs in five years, though broad productivity gains aren’t yet evident; some niche areas show benefits, but widespread adoption and real boosts may take time.

via Axios|

#ai #alixpartners #productivity