[ad_1] Barclays is expected to confirm that it is shedding just over 5% of its global workforce when it reports annual results next month, Sky News learns. By Mark Kleinman,…
Tag: costcutting
Germany’s government waters down a cost-cutting plan that infuriated the country’s farmers
[ad_1] BERLIN — The German government on Thursday watered down cost-saving plans that have infuriated farmers, announcing that it is giving up a proposal to scrap a car tax exemption…
‘Bankrupt’ Nottingham City Council outlines major cost-cutting plans
[ad_1] The measure was taken as the local authority was facing a £23m overspend for 2023-24, which in the council’s view had mostly been caused by the increasing costs of…
Elliott takes US$1bil stake in US oil refiner
[ad_1] NEW YORK: Elliott Investment Management has taken a US$1bil stake in Phillips 66 and is urging the US oil refiner and pipeline operator to revamp its board to boost…
Amazon’s profit margin nears record after CEO Andy Jassy’s dramatic cost-cutting efforts
[ad_1] Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge…
Spotify stock jumps 10% as cost-cutting boosts streamer to first quarterly profit in a year
[ad_1] Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half…
Rolls-Royce chief to axe 2,500 jobs in cost-cutting drive
[ad_1] Tufan Erginbilgic has drawn up plans to cut a significant number of non-engineering jobs in a restructuring to be announced as early as Tuesday, Sky News learns. By Mark…
MIPCOM: Market Opens Amid Uncertainty, Cost-Cutting
[ad_1] MIPCOM Cannes picture alliance/Getty The 2023 MIPCOM Cannes international television market kicks off Monday against the backdrop of the violence in the Middle East with the Israel-Hamas War, the…