Mondee exits chapter 11 restructuring via acquisition
Tabhi has acquired travel marketplace Mondee Holdings, bringing the company out of Chapter 11 bankruptcy. Tabhi acquired all of Mondee’s assets and “strengthened its balance sheet by investing additional equity, significantly reducing debt and other obligations,” a statement said. The total investment amount was not disclosed. Tabhi—the new name for
Sonos will cut 'about 200' jobs in restructuring
Sonos is embarking on a restructuring plan that will eliminate about 200 positions at the company. Interim CEO Tom Conrad announced the news in a call with the team, then shared the news in a public . Conrad said the company is “reorganizing our Product organization into functional groups for
