Tag #Cost-Cutting

Showing 73 to 84 of 103 results

theglobeandmail.com
🌐 90% Global Worthiness
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Musk's Unprecedented Takeover of U.S. Government Agencies

Elon Musk, at President Trump's direction, rapidly assumed control of the OPM and GSA, offering buyouts to 2.2 million federal employees, sparking legal challenges and public concern over conflicts of interest and accountability, raising questions about the long-term impact on government stability.

Progress

56% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Spotify Reports First Annual Profit, Exceeding Q1 Earnings Estimates

Spotify announced its first annual profit and exceeded Q1 2024 earnings expectations (€548 million vs. €450.6 million estimated) due to increased ARPU from price hikes, cost-cutting, and record MAU growth (675 million total, 35 million net additions).

Progress

48% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 90% Global Worthiness
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Trump's 'Business-Oriented' Government Overhaul Causes Chaos

President Trump's administration, emulating Elon Musk's management style, is causing chaos within the US federal government through mass firings and a mass resignation offer to 2 million federal employees, leading to concerns about safety and efficiency in crucial sectors like aviation following a d...

Progress

56% Bias Score

Peace, Justice, and Strong Institutions
europe.chinadaily.com.cn
🌐 75% Global Worthiness
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HSBC to Close Zing App, Resulting in 400 Job Losses

HSBC, Europe's largest bank, is closing its mobile cross-border payments app, Zing, resulting in approximately 400 job losses due to a strategic review prioritizing cost-cutting and focusing on core business areas where it has a competitive advantage. The app failed to compete effectively against fi...

Progress

36% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Reach Exceeds Profit Expectations Despite Job Cuts

Reach, the publisher of the Daily Mirror and other UK newspapers, announced exceeding annual profit expectations for 2024, driven by strong digital revenue and cost-cutting measures, leading to a 26% surge in share prices despite previous job losses and executive departures.

Progress

44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Meta to Lay Off 3,600 Employees in Restructuring

Meta plans to lay off approximately 3,600 low-performing employees, representing 5% of its workforce, to improve efficiency and bring in new talent; this comes amid broader changes in the company's approach to content moderation and political alignment.

Progress

44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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VW Averts Plant Closures, Announces 35,000 Job Cuts

Volkswagen and its works council agreed to a restructuring plan that avoids plant closures and layoffs in Germany until 2030 in exchange for 35,000 job cuts and reduced employee benefits. The deal follows several warning strikes and will be presented to employees at a company meeting.

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Pfizer Q4 Earnings Beat Expectations Amidst Covid Revenue Decline and Cost-Cutting Success

Pfizer's Q4 2024 earnings beat analysts' estimates, reporting adjusted EPS of $0.63 and revenue of $17.76 billion, exceeding expectations due to strong Covid product sales and cost reductions; however, future challenges remain due to the Inflation Reduction Act's impact and market competition.

Progress

40% Bias Score

Good Health and Well-being
welt.de
🌐 85% Global Worthiness
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Daimler Truck to Cut €1 Billion in European Costs by 2030

Daimler Truck aims to cut €1 billion in costs in Europe by 2030, prompting discussions with employee representatives amid competition from Chinese manufacturers and high electric vehicle development costs; the plan, called "Cost Down Europe", affects Mercedes-Benz Trucks' 34,000 German employees (ex...

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Great Flattening Trend" Reshapes US Workplaces

U.S. companies are eliminating middle management layers ("The Great Flattening Trend") to cut costs and boost efficiency, impacting employee morale and professional development, with mixed results reported by companies like Bayer and Novartis, and differing opinions among experts.

Progress

44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 65% Global Worthiness
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Schwälbchen Dairy Plans Energy Efficiency Investments to Counter Sales Decline

The Hessian dairy Schwälbchen plans to invest a seven-figure sum in energy-saving measures and expand in-house milk processing by 2025 to counteract a 14% drop in dairy sales and a 16% reduction in milk processing in 2024, resulting in a lower profit of 5-5.5 million euros compared to over 6 million...

Progress

4% Bias Score

Affordable and Clean Energy
cnbc.com
🌐 75% Global Worthiness
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Microsoft Pauses Hiring in U.S. Consulting Division to Cut Costs

Microsoft's U.S. consulting division is pausing hiring and cutting spending through June 2025 to reduce costs, following recent layoffs and slower growth compared to other sectors; the company is still investing in AI.

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 73 to 84 of 103 results