Why it matters
Large layoffs signal trouble in a company or industry and affect local economies.
More Business terms
Bankruptcy
A legal process for people or companies that cannot repay their debts, in which assets are sold or debts restructured under court supervision.
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Quarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
Merger
The combination of two companies into one, often negotiated alongside an acquisition, where one company buys another.
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