#cost-cutting-measures

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#manchester-united

Sir Jim Ratcliffe slammed after secretly cancelling Man Utd charity payments as part of cost-cutting measures

Sir Jim Ratcliffe canceled Manchester United's payments to a charity that supports former players without informing them, causing controversy and concerns.

Source: Utd staff shocked as 1/4 made redundant

Manchester United is restructuring by making a quarter of the workforce redundant to focus on improving on-field performance.

Sir Jim Ratcliffe slammed after secretly cancelling Man Utd charity payments as part of cost-cutting measures

Sir Jim Ratcliffe canceled Manchester United's payments to a charity that supports former players without informing them, causing controversy and concerns.

Source: Utd staff shocked as 1/4 made redundant

Manchester United is restructuring by making a quarter of the workforce redundant to focus on improving on-field performance.
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Centric reorganizes and cuts jobs: will this end the turmoil?

Centric is simplifying its organizational structure to reduce costs and merge divisions, impacting 1,900 employees in the Netherlands.

Musk, Ramaswamy focus on slashing telework and federal employee attrition in initial meetings with Republicans

The advisory panel seeks to streamline government operations and promote efficiency under Trump's vision for cost-saving measures.

Defence secretary denies scrapping navy vessels to cut costs is black day'

The scrapping of Royal Navy vessels is framed by officials as a necessary strategic decision, despite criticism it undermines military capability.
from www.dw.com
1 month ago

VW workers offer pay cut, threaten strike over crisis DW 11/20/2024

IG Metall union has proposed pay cuts to prevent layoffs and ensure job security at Volkswagen.

10,000 US hotel workers strike over Labor Day weekend

Hotel workers in eight US cities strike for better pay and working conditions as they demand reversal of cost-cutting measures implemented during the pandemic.

Over 30 Chinese firms cut ties with PwC amid Beijing's pressure over Evergrande scandal

PwC in China faces client losses and financial setbacks due to ties with troubled Evergrande, prompting cost-cutting measures.
#layoffs

Logistics Report: Food Companies Luring Shoppers; Asian Factories Flash Warning Signs

Major companies worldwide are facing challenges such as profit decline, revised forecasts, layoffs, and reduced demand. The economic landscape is fluctuating with significant impacts on various sectors.

Compa grabs more capital amid customer quest for real-time compensation data | TechCrunch

Compa, a compensation market data provider, raised $3.9 million in seed funding in 2021.
The job market experienced extreme volatility in 2022 due to layoffs and cost-cutting measures, leading to a need for new compensation solutions.

Logistics Report: Food Companies Luring Shoppers; Asian Factories Flash Warning Signs

Major companies worldwide are facing challenges such as profit decline, revised forecasts, layoffs, and reduced demand. The economic landscape is fluctuating with significant impacts on various sectors.

Compa grabs more capital amid customer quest for real-time compensation data | TechCrunch

Compa, a compensation market data provider, raised $3.9 million in seed funding in 2021.
The job market experienced extreme volatility in 2022 due to layoffs and cost-cutting measures, leading to a need for new compensation solutions.
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Last Of Us Director Says AI Will 'Push The Boundaries Of Storytelling In Games'

Neil Druckmann discusses the future of video game storytelling with a focus on AI technology and cost-cutting measures.

Tesla is warning customers that new vehicles will be without a major entertainment feature

Tesla is removing Steam Gaming support from new vehicles, despite its initial launch in December 2020.

Corporate cost-cutting at a four-year high despite growing economic optimism

The highest percentage of businesses in Europe since 2021 are planning to cut costs in 2024.
#financial-performance

Can FedEx reach $550 in 2024, or gains look distant? - London Business News | Londonlovesbusiness.com

FDX re-enters investor radar with potential growth to $550, supported by cost-cutting, revenue increase, dividend hike, and stock buyback.

Gannett's 2024 priorities include 'rebooting' small newsrooms and keeping voters informed - Poynter

Gannett aims to increase digital revenue to 55% by 2026
Focus on growing digital audience and revenues for future sustainability

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Lyft projects higher-than-expected gross bookings and core profit for the current quarter, driven by robust demand and cost-cutting measures.

Lufthansa sees 'turning point' after Q1 marred by strikes DW 04/30/2024

Lufthansa is focusing on cost-cutting measures post-strikes, anticipating a positive turnaround as it heads into a busier summer season.

Can FedEx reach $550 in 2024, or gains look distant? - London Business News | Londonlovesbusiness.com

FDX re-enters investor radar with potential growth to $550, supported by cost-cutting, revenue increase, dividend hike, and stock buyback.

Gannett's 2024 priorities include 'rebooting' small newsrooms and keeping voters informed - Poynter

Gannett aims to increase digital revenue to 55% by 2026
Focus on growing digital audience and revenues for future sustainability

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Lyft projects higher-than-expected gross bookings and core profit for the current quarter, driven by robust demand and cost-cutting measures.

Lufthansa sees 'turning point' after Q1 marred by strikes DW 04/30/2024

Lufthansa is focusing on cost-cutting measures post-strikes, anticipating a positive turnaround as it heads into a busier summer season.
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Jumia is back, growing total sales and orders in Q1 2024 | TechCrunch

Jumia's revenue and GMV grew despite a decrease in quarterly active customers, stemming from cost-cutting measures.
#peloton

The Drum's Daily Briefing: Peloton's uphill struggle, Guardian job cuts & Nokia revamp

Peloton facing challenges post-pandemic with CEO change and workforce reduction.
The Guardian experiencing advertising revenue decline, leading to cost-cutting measures.

Peloton CEO steps down as fitness company announces 15% cut to global workforce | CBC News

Peloton CEO Barry McCarthy steps down amidst a 15% global workforce cut due to low demand post-pandemic.

The Drum's Daily Briefing: Peloton's uphill struggle, Guardian job cuts & Nokia revamp

Peloton facing challenges post-pandemic with CEO change and workforce reduction.
The Guardian experiencing advertising revenue decline, leading to cost-cutting measures.

Peloton CEO steps down as fitness company announces 15% cut to global workforce | CBC News

Peloton CEO Barry McCarthy steps down amidst a 15% global workforce cut due to low demand post-pandemic.
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Daily Mirror owner Reach sees another hit from social media news de-ranking

The ongoing fallout from platforms like Facebook de-ranking news has affected Reach's online revenues, with page views down significantly year-on-year.

Amazon earnings boosted by AI, ads, and cost-cutting

Amazon reported better-than-expected Q1 2024 earnings driven by cost-cutting measures and the success of AWS's AI capabilities.

Millions of dollars in the red, Morgan Hill schools announce staff cuts to fight budget shortfall

Budget shortfall forces school staff cutbacks
Cost-cutting measures implemented to address deficit

Saber Confirms Continued Work On "A Number Of Titles" Including Space Marine 2

Saber Interactive working on titles like Warhammer 40,000: Space Marine 2 post-separation from Embracer
Embracer cancels projects, including Deus Ex and Volition as part of cost-cutting measures

NYC spending $387 per day to house thousands of migrants as Mayor Adams tries to slash spending

New York City spends $387 per day on each migrant household in taxpayer-funded shelters.
Mayor Adams' administration has implemented cost-cutting measures to combat the migrant crisis and save taxpayer dollars.

Facing $23 million budget deficit, OUSD tries figuring out how to balance books for next school year

Oakland Unified School District is facing a budget deficit of at least $23 million for the upcoming school year.
The district is considering options such as staff reductions and department consolidations to balance the budget.

Big wines from the country's biggest wine specialists | David Williams

Majestic, the UK's biggest wine specialist retailer, reported its biggest-ever Christmas in 2023 with a spike in sales and new customers, including interest in its fine wines.
Naked Wines, Majestic's former partner, has been facing a drop in sales prompting cost-cutting measures.

The 9-5 Will Become Obsolete. Here's How To Prepare. | Entrepreneur

Employers adapting to remote work and cost-cutting measures by replacing employees with tools and shifting to independent contractors.

Airbus is slashing costs and halting hiring after a potential bounce back from Boeing and tough Chinese competition on the cards

Boeing's crisis opens room for COMAC as Airbus struggles.

Future of TV Briefing: How the future of TV has shaken out so far in 2024

The entertainment industry is undergoing major shifts post-strikes, with a focus on profit and cost-cutting measures affecting show production.

Keller ISD adopts balanced 2024-25 budget without teacher pay raises, layoffs, district said | Fort Worth Report

Cost-cutting measures include adjusting facility temperatures to save money, working remotely on selected days, and sharing resources between campuses.
The Keller ISD avoided school closures and layoffs by finding efficiencies and making sacrifices to achieve a balanced budget for the upcoming school year.
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