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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Paramount has begun significant layoffs, cutting about 2,000 jobs (10% of its workforce) as part of a restructuring effort following its merger with Skydance, aimed at building a stronger, future-focused company and achieving $2 billion in cost savings. CEO David Ellison emphasized the need for these changes to position Paramount for long-term success amid ongoing industry consolidation and strategic shifts.
Amazon plans to lay off about 14,000 corporate employees to reduce costs and invest more heavily in generative AI, marking potentially the largest job cuts in its history, as it shifts towards a leaner organizational structure and emphasizes AI-driven innovation.
Amazon is reportedly planning to lay off up to 30,000 corporate employees as part of cost-cutting measures led by CEO Andy Jassy, focusing on reducing expenses and investing in AI technology, which may lead to job reductions in routine roles.
Amazon plans to lay off up to 30,000 corporate employees, nearly 10% of its workforce, as part of cost-cutting measures and to adapt to AI-driven efficiency improvements, just before its quarterly earnings report.
Ubisoft is requesting voluntary layoffs from developers at Massive studio, which is behind games like The Division 2 and Star Wars Outlaws, as part of a restructuring to focus on core franchises and technologies, amid shifts in management and investment from Tencent.
