#cost-cutting-measures

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Kotaku
1 month ago
Artificial intelligence

Last Of Us Director Says AI Will 'Push The Boundaries Of Storytelling In Games'

Neil Druckmann discusses the future of video game storytelling with a focus on AI technology and cost-cutting measures. [ more ]
TESLARATI
1 month ago
Cars

Tesla is warning customers that new vehicles will be without a major entertainment feature

Tesla is removing Steam Gaming support from new vehicles, despite its initial launch in December 2020. [ more ]
#economic-conditions
London Business News | Londonlovesbusiness.com
1 month ago
Business

Corporate cost-cutting at a four-year high despite growing economic optimism

The highest percentage of businesses in Europe since 2021 are planning to cut costs in 2024. [ more ]
WSJ
6 months ago
Business

Big Four Accounting Firms Overhired. Now They're Starting to Lay Off Partners.

Higher interest rates and weaker economic conditions are impacting demand for professional services.
Ernst & Young is taking cost-cutting measures due to slowed growth and excess capacity. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Business

Corporate cost-cutting at a four-year high despite growing economic optimism

The highest percentage of businesses in Europe since 2021 are planning to cut costs in 2024. [ more ]
WSJ
6 months ago
Business

Big Four Accounting Firms Overhired. Now They're Starting to Lay Off Partners.

Higher interest rates and weaker economic conditions are impacting demand for professional services.
Ernst & Young is taking cost-cutting measures due to slowed growth and excess capacity. [ more ]
moreeconomic-conditions
#financial-performance
Fast Company
1 month ago
Tech industry

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Lyft projects higher-than-expected gross bookings and core profit for the current quarter, driven by robust demand and cost-cutting measures. [ more ]
www.dw.com
1 month ago
JavaScript

Lufthansa sees 'turning point' after Q1 marred by strikes DW 04/30/2024

Lufthansa is focusing on cost-cutting measures post-strikes, anticipating a positive turnaround as it heads into a busier summer season. [ more ]
Poynter
4 months ago
Media industry

Gannett's 2024 priorities include 'rebooting' small newsrooms and keeping voters informed - Poynter

Gannett aims to increase digital revenue to 55% by 2026
Focus on growing digital audience and revenues for future sustainability [ more ]
Fast Company
1 month ago
Tech industry

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Lyft projects higher-than-expected gross bookings and core profit for the current quarter, driven by robust demand and cost-cutting measures. [ more ]
www.dw.com
1 month ago
JavaScript

Lufthansa sees 'turning point' after Q1 marred by strikes DW 04/30/2024

Lufthansa is focusing on cost-cutting measures post-strikes, anticipating a positive turnaround as it heads into a busier summer season. [ more ]
Poynter
4 months ago
Media industry

Gannett's 2024 priorities include 'rebooting' small newsrooms and keeping voters informed - Poynter

Gannett aims to increase digital revenue to 55% by 2026
Focus on growing digital audience and revenues for future sustainability [ more ]
morefinancial-performance
TechCrunch
1 month ago
Marketing

Jumia is back, growing total sales and orders in Q1 2024 | TechCrunch

Jumia's revenue and GMV grew despite a decrease in quarterly active customers, stemming from cost-cutting measures. [ more ]
#peloton
The Drum
1 month ago
Marketing

The Drum's Daily Briefing: Peloton's uphill struggle, Guardian job cuts & Nokia revamp

Peloton facing challenges post-pandemic with CEO change and workforce reduction.
The Guardian experiencing advertising revenue decline, leading to cost-cutting measures. [ more ]
www.cbc.ca
1 month ago
Business

Peloton CEO steps down as fitness company announces 15% cut to global workforce | CBC News

Peloton CEO Barry McCarthy steps down amidst a 15% global workforce cut due to low demand post-pandemic. [ more ]
The Drum
1 month ago
Marketing

The Drum's Daily Briefing: Peloton's uphill struggle, Guardian job cuts & Nokia revamp

Peloton facing challenges post-pandemic with CEO change and workforce reduction.
The Guardian experiencing advertising revenue decline, leading to cost-cutting measures. [ more ]
www.cbc.ca
1 month ago
Business

Peloton CEO steps down as fitness company announces 15% cut to global workforce | CBC News

Peloton CEO Barry McCarthy steps down amidst a 15% global workforce cut due to low demand post-pandemic. [ more ]
morepeloton
NewsChain
1 month ago
Marketing

Daily Mirror owner Reach sees another hit from social media news de-ranking

The ongoing fallout from platforms like Facebook de-ranking news has affected Reach's online revenues, with page views down significantly year-on-year. [ more ]
Android Central
1 month ago
Tech industry

Amazon earnings boosted by AI, ads, and cost-cutting

Amazon reported better-than-expected Q1 2024 earnings driven by cost-cutting measures and the success of AWS's AI capabilities. [ more ]
www.mercurynews.com
2 months ago
Education

Millions of dollars in the red, Morgan Hill schools announce staff cuts to fight budget shortfall

Budget shortfall forces school staff cutbacks
Cost-cutting measures implemented to address deficit [ more ]
GameSpot
3 months ago
Video games

Saber Confirms Continued Work On "A Number Of Titles" Including Space Marine 2

Saber Interactive working on titles like Warhammer 40,000: Space Marine 2 post-separation from Embracer
Embracer cancels projects, including Deus Ex and Volition as part of cost-cutting measures [ more ]
New York Post
3 months ago
NYC politics

NYC spending $387 per day to house thousands of migrants as Mayor Adams tries to slash spending

New York City spends $387 per day on each migrant household in taxpayer-funded shelters.
Mayor Adams' administration has implemented cost-cutting measures to combat the migrant crisis and save taxpayer dollars. [ more ]
ABC7 San Francisco
4 months ago
Education

Facing $23 million budget deficit, OUSD tries figuring out how to balance books for next school year

Oakland Unified School District is facing a budget deficit of at least $23 million for the upcoming school year.
The district is considering options such as staff reductions and department consolidations to balance the budget. [ more ]
#layoffs
TechCrunch
4 months ago
Startup companies

Compa grabs more capital amid customer quest for real-time compensation data | TechCrunch

Compa, a compensation market data provider, raised $3.9 million in seed funding in 2021.
The job market experienced extreme volatility in 2022 due to layoffs and cost-cutting measures, leading to a need for new compensation solutions. [ more ]
RAIN News
7 months ago
Music

Amazon joins cost-cutting trend with layoffs to Music division - RAIN News

Amazon Music is cutting some number of jobs as part of cost-cutting measures.
Amazon Music offers three service plans: Free, Prime, and Unlimited.
Other companies in the audio industry have also implemented layoffs this year. [ more ]
TechCrunch
4 months ago
Startup companies

Compa grabs more capital amid customer quest for real-time compensation data | TechCrunch

Compa, a compensation market data provider, raised $3.9 million in seed funding in 2021.
The job market experienced extreme volatility in 2022 due to layoffs and cost-cutting measures, leading to a need for new compensation solutions. [ more ]
RAIN News
7 months ago
Music

Amazon joins cost-cutting trend with layoffs to Music division - RAIN News

Amazon Music is cutting some number of jobs as part of cost-cutting measures.
Amazon Music offers three service plans: Free, Prime, and Unlimited.
Other companies in the audio industry have also implemented layoffs this year. [ more ]
morelayoffs
www.theguardian.com
4 months ago
Wine

Big wines from the country's biggest wine specialists | David Williams

Majestic, the UK's biggest wine specialist retailer, reported its biggest-ever Christmas in 2023 with a spike in sales and new customers, including interest in its fine wines.
Naked Wines, Majestic's former partner, has been facing a drop in sales prompting cost-cutting measures. [ more ]
Entrepreneur
2 weeks ago
Remote teams

The 9-5 Will Become Obsolete. Here's How To Prepare. | Entrepreneur

Employers adapting to remote work and cost-cutting measures by replacing employees with tools and shifting to independent contractors. [ more ]
Fort Worth Report
2 days ago
Education

Keller ISD adopts balanced 2024-25 budget without teacher pay raises, layoffs, district said | Fort Worth Report

Cost-cutting measures include adjusting facility temperatures to save money, working remotely on selected days, and sharing resources between campuses.
The Keller ISD avoided school closures and layoffs by finding efficiencies and making sacrifices to achieve a balanced budget for the upcoming school year. [ more ]
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