[ad_1] SINGAPORE: Standard Chartered has begun laying off employees across Singapore, London, and Hong Kong as part of an ongoing cost-cutting initiative, according to a report by Bloomberg News. The…
Tag: costcutting
Westpac ditches cost-cutting target, says profit margins to thin
[ad_1] May 8 (Reuters) – Australia’s Westpac Banking Corp (WBC.AX) on Monday threw out a cost-cutting target citing inflation and flagged thinner profit margins going ahead, but investors pushed its…
PwC Cyprus: Effective use of resources better than simple cost-cutting | Cyprus Mail
[ad_1] What Are Cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are tiny files that are downloaded to your device, to improve…
GM Lays Off Hundreds From Product Development in Latest Cost-Cutting Move
[ad_1] Auto maker says the cuts were to contract workers in the group where the company works on future car models. [ad_2] Source link
Sasbadi stirs interest
[ad_1] IN recent weeks, shares of syllabus-based content provider Sasbadi Holdings Bhd have been attracting some interest. The company on April 18 announced better financial results for its most recently…
Carl Icahn calls Illumina Q1 results ‘very disappointing,’ slams cost-cutting plan
[ad_1] Carl Icahn called the first-quarter results of Illumina “very disappointing.” The activist investor slammed the DNA sequencing company’s new plans to cut costs. Icahn accused Illumina CEO Francis deSouza…
Amazon axes Halo fitness wearable in latest cost-cutting move
[ad_1] Halo app and band Source: Amazon Amazon will no longer sell its Halo health and fitness tracker, the company announced Wednesday. Amazon unveiled the health-tracking bracelet in 2020, marking…
Alphabet CEO Pichai reaps over US$200 million in 2022 amid cost-cutting
[ad_1] Alphabet CEO Sundar Pichai received total compensation of about US$226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on…
Amazon CEO Andy Jassy Commits to Cost-Cutting, Innovation in Shareholder Letter
[ad_1] Amazon.com faced one of its “harder macroeconomic years in recent memory,” Chief Executive Andy Jassy said in a letter to shareholders. [ad_2] Source link
EY Germany to axe hundreds of jobs in post-Wirecard cost-cutting push
[ad_1] EY Germany is planning to cut 40 partners and shed 380 staff as the Big Four firm attempts to improve profitability after the damage caused by the Wirecard scandal.…