Cost-cutting
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Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
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Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
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"Embarrassed, Angry": US Company Vice President Fired After Receiving 25% Bonus
Despite receiving a raise and a 25% bonus in a recent review, the employee was informed that his position was being eliminated due to cost-cutting measures.
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Manchester United Terminate Alex Ferguson's Contract. This Is The Reason
Manchester United new part-owners INEOS have ended a multi-million pound ambassadorial contract with Alex Ferguson as the club continued its cost-cutting programme.
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Apple Working on Cheaper Magic Keyboard Accessory for Entry-Level iPad Models: Gurman
With rumours about new affordable iPad models launching in the near future, there’s now news that a cheaper Magic Keyboard accessory may finally be available for the regular models. Apple’s current Magic Keyboard accessory provides an almost laptop-like feel and typing experience according to reviews. Buyers of the upcoming iPad models may soon...
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Intel CEO To Unveil Cost-Cutting Plan In September Meeting
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending.
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Bungie Reiterates Commitment to Destiny After Layoffs, Says Will Reveal Future of Franchise Soon
Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...
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No Gain No Love Teaser: Shin Min Ah's K-Drama Promises Cost-Cutting Chaos
Shin Min Ah's return to dramas after two years follows her role in the hit series Our Blues
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Salt Bae's London Restaurant, Charging $850 For A Steak, Cuts Heating For Savings
This cost-cutting strategy has raised eyebrows, considering the restaurant's reputation for extravagance.
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Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
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Samsung Galaxy S24 Base Variant Tipped to Come With Slower UFS 3.1 Storage
Samsung's Galaxy S24 lineup is anticipated to be one of the first major flagship launches next year. The entire family is said to come with new chipsets and designs. Amid the upgrades, the vanilla Galaxy S24 is tipped to feature relatively slower UFS 3.1 (Universal Flash Storage). This could be part of the cost-cutting measure by Samsung.
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Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
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British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
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Reddit CEO Praises Elon Musk's Cost-Cutting Moves Amid Widespread Protest
Mr Huffman's comments come at a time when he himself is battling widespread protests over the API changes on its platform.
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Qantas Names Vanessa Hudson As First Woman CEO
Australian airline Qantas named company veteran Vanessa Hudson as its first woman chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.
-
Volkswagen To Cut 35,000 Jobs In Germany By 2030
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
-
Biden Pledges "Historic" $4 Billion To World Bank Fund For Poor Nations
US President Joe Biden announced a "historic" $4 billion pledge for a World Bank fund that helps the world's poorest countries, the White House said Monday, before Donald Trump takes office with a new cost-cutting agenda.
-
"Embarrassed, Angry": US Company Vice President Fired After Receiving 25% Bonus
Despite receiving a raise and a 25% bonus in a recent review, the employee was informed that his position was being eliminated due to cost-cutting measures.
-
Manchester United Terminate Alex Ferguson's Contract. This Is The Reason
Manchester United new part-owners INEOS have ended a multi-million pound ambassadorial contract with Alex Ferguson as the club continued its cost-cutting programme.
-
Apple Working on Cheaper Magic Keyboard Accessory for Entry-Level iPad Models: Gurman
With rumours about new affordable iPad models launching in the near future, there’s now news that a cheaper Magic Keyboard accessory may finally be available for the regular models. Apple’s current Magic Keyboard accessory provides an almost laptop-like feel and typing experience according to reviews. Buyers of the upcoming iPad models may soon...
-
Intel CEO To Unveil Cost-Cutting Plan In September Meeting
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending.
-
Bungie Reiterates Commitment to Destiny After Layoffs, Says Will Reveal Future of Franchise Soon
Destiny maker Bungie announced last week that it was laying off 220 employees and making structural changes as part of cost-cutting measures. The studio cited rising development costs and grim economic environment as factors behind its decision. Now, Bungie has sought to reassure players over its commitment to Destiny and has said that it will soon...
-
No Gain No Love Teaser: Shin Min Ah's K-Drama Promises Cost-Cutting Chaos
Shin Min Ah's return to dramas after two years follows her role in the hit series Our Blues
-
Salt Bae's London Restaurant, Charging $850 For A Steak, Cuts Heating For Savings
This cost-cutting strategy has raised eyebrows, considering the restaurant's reputation for extravagance.
-
Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
-
Samsung Galaxy S24 Base Variant Tipped to Come With Slower UFS 3.1 Storage
Samsung's Galaxy S24 lineup is anticipated to be one of the first major flagship launches next year. The entire family is said to come with new chipsets and designs. Amid the upgrades, the vanilla Galaxy S24 is tipped to feature relatively slower UFS 3.1 (Universal Flash Storage). This could be part of the cost-cutting measure by Samsung.
-
Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
-
British Steel May Cut 2,000 Jobs In Move To "Greener" Technology: Report
British Steel is preparing to axe up to 2,000 jobs as part of a cost-cutting programme, according to a report, even as its Chinese owners seek large subsidies from the UK government.
-
Reddit CEO Praises Elon Musk's Cost-Cutting Moves Amid Widespread Protest
Mr Huffman's comments come at a time when he himself is battling widespread protests over the API changes on its platform.
-
Qantas Names Vanessa Hudson As First Woman CEO
Australian airline Qantas named company veteran Vanessa Hudson as its first woman chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.
