Tag

Cost Cutting

All articles tagged with #cost cutting

media1 month ago•6 min saved

Washington Post staff brace for sweeping newsroom cuts amid financial pressures

The Washington Post faces sweeping layoffs that insiders fear could exceed 10% of the newsroom, likely impacting sports, metro and foreign desks. Foreign correspondents have urged owner Jeff Bezos to protect international reporting in a letter, while management canceled Olympic coverage in Italy as a cost-cutting move. The outlet has a history of buyouts and layoffs, though no official confirmation has been made; experts warn that cutting international coverage would hurt reach and credibility even as the newsroom continues to publish ambitious journalism.

via The Guardian|

#buyouts #cost-cutting #international-reporting

business1 month ago•4 min saved

Ubisoft under fire as restructuring triggers union strike and pay worries

France’s Ubisoft faces intensified worker backlash after a restructuring plan, with the Solidaires Informatique union organizing a strike and planning further action. The union demands an end to cost-cutting, the preservation of remote work, and meaningful pay rises, arguing management has pushed staff under pressure with under-staffing and a push to full-time office work as Ubisoft seeks to boost AAA performance. The atmosphere, according to the union, is deteriorating, with reports of tears and concerns about potential job losses.

via GamesIndustry.biz|

#business #cost-cutting #remote-work

business1 month ago•26 min saved

Amazon readies fresh round of layoffs affecting about 14,000 roles

Amazon is planning another major layoff round that could affect as many as 14,000 jobs across its corporate and tech units as part of ongoing cost-cutting after rapid growth.

via mynorthwest.com|

#amazon #business #corporate-staffing

business1 month ago•3 min saved

Ericsson to cut up to 1,600 Sweden jobs to trim costs while protecting tech investments

Ericsson plans to reduce up to about 1,600 positions in Sweden as part of global cost-improvement efforts, submitting a notice to the Swedish Public Employment Service and opening negotiations with trade unions to balance savings with ongoing investments in technology leadership and programmable networks.

via Ericsson|

#business #cost-cutting #ericsson

business1 month ago•4 min saved

Ubisoft trims 55 roles at Massive and Stockholm as cost-cutting persists

Ubisoft announced 55 job cuts at Massive Entertainment and Ubisoft Stockholm following a voluntary redundancy program, stating the reductions are not due to performance and that long-term plans remain unchanged, with ongoing development on The Division 3 and other Snowdrop-powered projects as part of broader restructuring and cost-cutting.

via GamesIndustry.biz|

#business #cost-cutting #layoffs

gaming1 month ago•20 min saved

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|

#cost-cutting #gamestop #gaming

lifestyle1 month ago•6 min saved

People Reveal Essentials They Gave Up in 2025 and Don't Miss

The article lists 29 items that frugal people in 2025 have stopped buying, such as streaming services, processed snacks, manicures, and brand-name products, often replacing them with cheaper or homemade alternatives, leading to significant savings and simpler living.

via BuzzFeed|

#cost-cutting #frugal #lifestyle

entertainment1 month ago•2 min saved

MTV Ends Era of Music Channels After Nearly 40 Years

MTV is shutting down its last dedicated 24-hour music channels worldwide, including in the UK, as part of cost-cutting measures following Paramount Skydance's merger, with plans to possibly revamp MTV into a streaming service or other formats.

via Yahoo|

#channel-shutdown #cost-cutting #entertainment

business2 months ago•3 min saved

Holiday Layoffs Become More Common as Etiquette Fades

Layoffs during the holiday season are increasing, with data indicating a potential shift from traditional practices of avoiding layoffs during this period, driven by economic pressures and companies' need to cut costs, although macroeconomic data has yet to fully reflect this trend.

via Axios|

#business #cost-cutting #economic-trends

technology2 months ago•2 min saved

Samsung Unveils Galaxy Z TriFold with 10-Inch Screen Amidst Competition

Samsung chose to use the older Snapdragon 8 Elite instead of the newer Snapdragon 8 Elite Gen 5 in the Galaxy Z TriFold, citing a focus on product perfection, likely due to cost considerations and limited production volume, which suggests a strategic move to save on chipset expenses despite the premium price of the device.

via Wccftech|

#cost-cutting #galaxy-z-trifold #samsung

business3 months ago•2 min saved

Chevron prioritizes profits and growth with new AI and power initiatives

Chevron is shifting its strategy to prioritize shareholder returns and cost efficiency over production growth, aiming for modest volume increases and significant free cash flow growth, while reducing capital expenditure and continuing share buybacks, contrasting with ExxonMobil's investment approach.

via Financial Times|

#business #chevron #cost-cutting

business3 months ago•2 min saved

Square Enix Implements Global Restructuring and Job Cuts Amid AI Shift

Square Enix announced mass layoffs affecting over 100 UK staff and potentially US workers as part of a restructuring to cut costs and consolidate around their Japanese base, aiming to save approximately $19.6 million annually, with the layoffs not directly related to their AI automation plans.

via Rock Paper Shotgun|

#business #cost-cutting #layoffs

economy3 months ago•2 min saved

October Sees 22-Year High in Job Cuts Amid Labor Market Woes

October saw the highest layoffs in 22 years, with 153,074 announced, driven mainly by cost-cutting and AI, especially in warehousing and tech sectors, indicating a potential shift in the labor market dynamics amid economic tightening.

via Axios|

#ai #cost-cutting #economy

business3 months ago•3 min saved

American Airlines Announces Management and Corporate Job Cuts

American Airlines is laying off thousands of employees, mainly middle management, and offshoring some roles to India as part of a cost-cutting strategy, despite recent financial struggles and plans to compete more aggressively with rivals. The layoffs have caused significant employee distress, and the move appears aimed at streamlining operations and reducing inefficiencies, though it raises questions about the airline's future direction.

via PYOK|

#airline-industry #american-airlines #business

politics3 months ago•2 min saved

New Jersey Gubernatorial Race 2025: Key Insights and Predictions

Jack Ciattarelli advocates for supply-side economic policies in New Jersey, including full funding for special education, creation of new state agencies, and significant budget cuts to reduce the state's structural deficit, positioning himself as a reformer against perceived wasteful spending by opponents.

via Politico|

#cost-cutting #new-jersey #politics