Full-Time
Posted on 8/1/2024
Global strategic and restructuring consulting
$175k - $275k/yr
United States
Hybrid work model with a mix of in-person and remote working.
Hybrid work model with a mix of in-person and remote working.
Hybrid work model with a mix of in-person and remote working.
Bachelor's, Master's
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AlixPartners is a global consulting firm that helps businesses tackle complex challenges across industries such as automotive, financial services, and healthcare by providing strategic advice and practical performance improvements. Work is delivered through project-based engagements led by senior professionals who combine deep industry experience with hands-on implementation. A recent acquisition of Berylls strengthens its automotive capabilities and broadens its global, localized service network. The goal is to drive measurable performance gains and sustainable growth for clients through targeted, scalable solutions.
Company Size
1,001-5,000
Company Stage
Growth Equity (Non-Venture Capital)
Total Funding
$364.8M
Headquarters
Southfield, Michigan
Founded
1981
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Health Insurance
Vision Insurance
Dental Insurance
Disability Insurance
401(k) Retirement Plan
Tuition Reimbursement
Flexible Work Hours
Market Financial Solutions' administrators sue Barclays over held funds. August 5, 2026 AlixPartners, the administrator of collapsed bridging lender Market Financial Solutions, has filed a legal claim against Barclays over £160m worth of accounts. AlixPartners filed a claim to the High Court against Barclays on Friday, stating the bank was holding cash it believed was owed to the bridging lender. Barclays is understood to be defending the claim. In its Q1 results, Barclays reported an impairment charge of £823m, primarily due to a £228m charge in the investment bank linked to Market Financial Solutions' failure. AlixPartners was appointed to manage Market Financial Solutions' accounts earlier this year, when the lender's administration was announced surrounded by allegations of financial irregularities. The Financial Conduct Authority (FCA) subsequently announced it had opened an investigation into the bridging lender to determine whether there was any serious misconduct. The lender's founder, Paresh Raja, has denied the allegations.
Lucid unveils turnaround plan built on $1.4 billion savings and robotaxis. Lucid Motors has outlined a turnaround strategy centred on $1.4 billion in cash savings, robotaxis, its Saudi factory and a delayed mid-size EV. Aug 5, 2026 - 11:44 Lucid Motors has unveiled an "operational reset" designed to reduce cash outflows by $1.4 billion while focusing on three key growth priorities: launching its long-awaited mid-size electric vehicle, expanding its factory in Saudi Arabia and developing a robotaxi business with Uber and Nuro. The strategy was outlined by newly appointed Chief Executive Officer Silvio Napoli during the company's second-quarter earnings call, where he stressed that Lucid would no longer rush products to market. As part of that shift, the company's mid-size electric vehicle, expected to start below $50,000, has been delayed until 2027 after previously being scheduled to begin deliveries by the end of 2026. "Our objective is clear: Mid-size will launch only when every process and quality requirement has been met," Napoli said. "We will not repeat the mistakes of the past by bringing a product to market before it is ready." Cost reductions at the centre of the turnaround. Lucid plans to achieve $1.4 billion in cash savings through a combination of lower capital spending, inventory reductions and operating expense cuts. The company expects to reduce capital expenditures by $500 million, generate between $600 million and $800 million in inventory-related savings and cut operating expenses by another $200 million. Napoli said the programme is intended to provide the company with sufficient liquidity through well into 2027. He acknowledged that Lucid had failed to execute consistently in recent years, citing missed commitments, products launched before they were fully ready, underinvestment in customer service, slow responses to quality issues and organisational complexity that delayed decision-making. As part of the restructuring, Lucid has reshaped its executive team by appointing new leaders across finance, technology, customer operations, digital strategy and transformation. The company has also reduced the number of executives reporting directly to the CEO, laid off around 1,500 employees in June after an earlier 12% workforce reduction and eliminated the second production shift at its Casa Grande, Arizona factory. Napoli said those measures are expected to generate approximately $158 million in annualised savings. Financial losses continue despite higher revenue. Lucid's second-quarter revenue increased to $405 million from $259.4 million a year earlier. However, the electric vehicle manufacturer reported a net loss of $1.26 billion, compared with an $855.3 million loss during the same quarter last year. The company ended the quarter with total liquidity of approximately $3 billion, giving management confidence that the restructuring can be completed while continuing to invest in future products. Robotaxis become a major growth strategy. Beyond cost reductions, Napoli identified the company's robotaxi partnership with Uber and autonomous driving technology developer Nuro as a major long-term revenue opportunity. Lucid has established a new business unit called Lucid Technologies, led by Chief Digital Officer Kai Stepper, to oversee artificial intelligence, advanced driver assistance systems and digital technologies supporting the programme. The robotaxi service will combine Lucid's Gravity SUVs with Nuro's autonomous driving platform, while Uber will operate the premium ride-hailing service through its app. Napoli said the business is expected to deliver margins significantly higher than the traditional retail vehicle business. Nuro and Uber are currently testing around 100 autonomous vehicles in Houston and the San Francisco Bay Area. Lucid said it began delivering production validation vehicles from its Coolidge, Arizona facility last month, with regular production expected to begin during the fourth quarter ahead of a planned commercial launch in late 2026. CEO rejects bankruptcy speculation. Napoli also addressed reports that Lucid had hired consulting firm AlixPartners to explore bankruptcy options. He rejected those claims, saying the firm's engagement was limited to supporting the company's cost-saving programme and streamlining operations. According to Napoli, AlixPartners' assignment is expected to conclude by the end of the month as Lucid continues implementing its turnaround strategy while preparing its next generation of electric vehicles and autonomous mobility services.
News & articles. At ConnectWeb Connectweb has a team of editors and researchers collating the most relevant information to you and your industry. All Directories' publications and sites provide a wealth of information for research or marketing, and are used by public and corporate libraries, educational institutions, government departments, corporations and SMEs across the country. You are here: Home News Access the latest company news and announcements distributed through Medianet. General News 05/08/2026 04:02 AlixPartners acquires leading agentic AI consulting firm, Artium. AlixPartners New York, Aug. 04, 2026 (GLOBE NEWSWIRE) - AlixPartners, the global consulting firm, today announced the acquisition of Artium, a leading agentic AI software consulting firm specializing in building and launching enterprise-grade agents for clients including BNY Mellon, Mayo Clinic, and eBay. The acquisition combines Artium's powerful AI engineering capabilities with AlixPartners' 45 years of deep industry experience, helping clients navigate uncertainty, address disruption, and capitalize on opportunity. Artium will operate as a distinct team within AlixPartners, as Artium by AlixPartners. Its people (including its founders), methodology, lab relationships, and ability to deliver exceptional client outcomes remain unchanged. Artium's capabilities, as a part of AlixPartners, will help open new opportunities to transform businesses and integrate technology in ways that deliver sustainable performance improvements across the enterprise. Rob Hornby, Co-CEO of AlixPartners, said: "Artium brings something genuinely rare: a pioneering team that has built production-grade agentic AI systems with direct relationships across the frontier labs. That commitment to results, achieved by working directly alongside their clients, and leaving those organizations better than they found them, is exactly how we work at AlixPartners. By combining Artium's deep AI capabilities with AlixPartners' industry and functional expertise, we are well-positioned to create even greater value for our clients and define the future of consulting. We welcome the Artium team and look forward to delivering transformational results together." Ross Hale, CEO and Co-Founder of Artium, said: "We are incredibly proud of the team we've built, the technology we've developed, and above all else the impact we've delivered for clients. As we looked to our next phase of growth, AlixPartners stood out as the clear choice. The firm's leadership has a deep understanding of our business, our technology, and the opportunities ahead. It also has a genuine appreciation for the culture and values that have been central to our success. We believe that our combined strengths and commitment to results will create even greater impact for existing and future clients. We are excited to become Artium by AlixPartners." Advisors Artium was advised by Equiteq (exclusive financial advisor), Cooley LLP (legal counsel to Artium), Morrison & Foerster LLP (legal counsel to the Co-Founders) and CBIZ (tax advisor). The AlixPartners in-house M&A team was advised by Willkie Farr & Gallagher LLP (legal counsel) and PWC (tax advisor). About Artium Artium is an agentic AI software consultancy founded in 2019 by Ross Hale, Henry Meller, and Elizabeth Gansen, with Adam Pritzker as the lead outside investor and director. The firm specializes in building custom enterprise-grade AI agents and transforming client software development teams to leverage agentic engineering practices. In May 2025, Artium became an OpenAI Solutions Partner, and in July 2026 was named as an OpenAI Advanced Partner. In May 2026 Artium became an Anthropic Claude Partner. About AlixPartners AlixPartners is a results-driven global consulting firm that specializes in helping businesses successfully capitalize on opportunities and address critical challenges. Its clients include companies, corporate boards, law firms, investment banks, private equity firms, and others. Founded in 1981, AlixPartners is headquartered in New York and has offices in more than 25 cities around the world. For more information, visit www.alixpartners.com. ConnectWeb. ConnectWeb is Australia's leading publisher of biographical data, directories and specialist newsletters. With ConnectWeb you gain access to its comprehensive database of contacts and companies in media, government and associations. Connect with Connectweb.
AlixPartners, the global consulting firm, has acquired Artium, an agentic AI software consulting firm specialising in building enterprise-grade agents. Artium's clients include BNY Mellon, Mayo Clinic, and eBay. Artium will operate as a distinct team within AlixPartners, retaining its founders, methodology, and lab relationships. The acquisition combines Artium's AI engineering capabilities with AlixPartners' 45 years of industry experience. Founded in 2019 by Ross Hale, Henry Meller, and Elizabeth Gansen, Artium became an OpenAI Solutions Partner in May 2025 and was named an OpenAI Advanced Partner in July 2026. It also became an Anthropic Claude Partner in May 2026. AlixPartners, founded in 1981, is headquartered in New York with offices in more than 25 cities worldwide.
Barclays in legal battle with MFS administrators over part of £160m holding. Senior City Reporter The administrators of collapsed mortgage lender MFS are taking legal action against Barclays after the bank allegedly refused to hand back millions of pounds sat in its accounts. Alix Partners, which was appointed as joint administrators for Market Financial Solutions in February, filed a High Court claim against Barclays on 31 July to claw back funds that belonged to the failed lender. The claimant is alleging that Barclays has not returned the cash owed to the administrators of MFS Ltd, which serves as the lender's central operating entity, distinct from its network of separate funding silos. City AM understands Barclays was holding in excess of £160m belonging to the operating unit and silos at the time of the administration. The collapse of MFS sent shockwaves through the financial system after a £1.3bn shortfall hit major global banks and private credit funds. The firm was accused of "double pledging", where it used the same property assets as collateral for multiple loans from different institutions at the same time. News updates. Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox. Barclays cut back risky lending after MFS hit. Alix Partners is now seeking to claw back a fraction of the £160m as part of the legal battle. Barclays confirmed it will be defending the claim but declined to comment further. One source close to Alix Partners said there was "nothing normal" about the frozen cash and warned it could start a precedent of "one by one people going to the courts". Barclays freed up £21m of cash to Grant Thornton following a claim in April. The professional services firm is a court-appointed administrator for Trident Funding, a funding silo tied to MFS. The blue-chip bank held a dual role in the MFS ecosystem, where it acted as both a lender and provided primary transactional bank activities. It began freezing MFS accounts in November 2025 after spotting irregularities. Barclays total exposure to MFS is estimated to be around £500m, making it the single largest creditor to the group. The bank took a hit of £228m from the collapse, which pushed its total credit impairment charges to £823m for the first three months of the year. This was up from £634m in the same period last year. The group's chief executive CS Venkatakrishnan, known as Venkat, said the bank was "constraining lending to certain structured finance counterparties" as a result of the hit. It also followed a £110m loss over the collapse of US sub-prime auto lender Tricolor.