Amazon suspends Virginia HQ2 construction in latest cost-cutting move

[ad_1] Amazon’s putting the construction of its second headquarters in Virginia on hold as it looks to cut costs across the company, according to reports from Bloomberg and CNBC. While…

Amazon to close eight Go convenience stores in cost-cutting move

[ad_1] After more than a year in beta, Amazon opened their cashier-less grocery store to the public Stephen Brashear | Getty Images Amazon plans to close eight of its Go…

Ericsson to lay off 8,500 workers as part of cost-cutting plan

[ad_1] Photographer | Collection | Getty Images Swedish telecom company Ericsson will lay off 8,500 workers as part of its cost-cutting measures, the company confirmed to CNBC on Friday. Reuters…

Analysts praise Disney’s cost-cutting plan, say focus on profitability is ‘restoring the magic’

[ad_1] The cost-saving initiatives unveiled by Disney on Wednesday give analysts another reason to remain bullish on the media giant. The commentary from analysts comes after the company on Wednesday…

Amazon axes charity program amid wider cost-cutting moves

[ad_1] Amazon is ending a charity donation program it ran for a decade in its latest cost-cutting move. In a blog post on Wednesday, the company said the program, called…