Barclays is reportedly contemplating a sweeping overhaul that could yield savings of up to £1 billion ($1.25 billion) to enhance profitability. According to Reuters, this initiative may involve shedding as many as 2,000 jobs, primarily in the bank's back office.

Barclays unveils $1.25 billion restructuring plan, contemplates 2,000 job cuts

Continental AG, one of Europe's prominent auto-parts manufacturers, is considering a significant restructuring move that could result in the elimination of 5,500 jobs, equivalent to 3 per cent of its global workforce.

Continental AG mulls major overhaul: Contemplating 5,500 job cuts in restructuring move

Citigroup is reportedly contemplating substantial job reductions of at least 10 per cent in several of its major business segments as part of a comprehensive reorganisation effort led by CEO Jane Fraser, a CNBC report said citing sources.

Citigroup considers significant job cuts in major restructuring: Report 

Scandinavian Airlines (SAS) witnessed a staggering 95 per cent drop in its shares as it unveiled a comprehensive financial restructuring plan aimed at averting bankruptcy.

European carrier SAS’s shares plummet by 95 pc in wake of major restructuring 

The latest to join the layoff spree is the Pokemon Go maker Niantic, which on Thursday (June 29) said that it would let go of 230 employees as a part of a restructuring that is aimed at stabilising the organisation's finances.

Pokemon Go maker Niantic lays off 230 employees, shuts down some games

Alibaba Group's recently announced restructuring will allow all its business units to become more agile and enhance faster decision-making and how the firm responds to market changes, said the company's chief executive Daniel Zhang said on Thursday.

Alibaba restructuring will help make company 'more agile' and enhance decision-making, CEO says

In one of its most significant overhauls to date, Chinese tech firm Alibaba on Tuesday announced that it will be splitting into six business groups. Under the new arrangement, each of the six newly established businesses will be under the management of its own CEO and board of directors.

Alibaba undergoes 'transformation,' will split into six individual units

Ola, one of the biggest cab aggregators based in Bangalore, has started the process of firing 200 employees from its various verticals, like Ola Financial Services, Ola Cabs and Ola Electric, as part of the company’s "restructuring" exercise.

Cab aggregator Ola fires 200 employees from verticals, calls it a ‘restructuring’ exercise