UPS says it is cutting 20,000 staff and shutting over 70 facilitiesUPS is cutting 20,000 jobs in 2025 to enhance efficiency and cut costs.
Volvo Goes Into Cost-Cutting ModeVolvo is facing severe financial challenges prompting a significant cost-cutting initiative.
Calif. toy giant lays off staff after CEO touts business strengthMattel is laying off 120 workers in El Segundo as part of a restructuring effort to reduce costs.The layoffs are aimed at streamlining the company's operations amid rising tariffs.
Volvo Goes Into Cost-Cutting ModeVolvo is facing severe financial challenges prompting a significant cost-cutting initiative.
Calif. toy giant lays off staff after CEO touts business strengthMattel is laying off 120 workers in El Segundo as part of a restructuring effort to reduce costs.The layoffs are aimed at streamlining the company's operations amid rising tariffs.
Amid Rising Costs, Restaurateurs Increasingly Turn to DIY DesignCreative DIY solutions by restaurateurs help reduce costs and enhance design, crucial for survival in today's challenging restaurant climate.
The Ingredient That Makes Starbucks Chai Lattes Distinct - Tasting TableStarbucks' chai lattes are made with a unique concentrate syrup that can be replicated at home for a customizable and cost-effective alternative.
Google forcing some remote workers to come back 3 days a week or lose their jobsGoogle is mandating office returns for remote workers amidst cost-cutting efforts, reversing pandemic-era flexible work policies.
Bay Area companies Salesforce, Workday are hiring more overseas to save cashSoftware companies are increasingly shifting hiring to lower-cost countries to maintain profits amidst AI investment pressures.
Google forcing some remote workers to come back 3 days a week or lose their jobsGoogle is mandating office returns for remote workers amidst cost-cutting efforts, reversing pandemic-era flexible work policies.
Bay Area companies Salesforce, Workday are hiring more overseas to save cashSoftware companies are increasingly shifting hiring to lower-cost countries to maintain profits amidst AI investment pressures.
USPS to slash 10,000 jobs under new deal with Musk's DOGEUSPS partners with Elon Musk's DOGE to identify operational efficiencies amidst ongoing cost-cutting measures.
See How Elon Musk's Team Inflated, Deleted and Rewrote Its Savings ClaimsThe Department of Government Efficiency's contract listings are marked by numerous errors and fluctuating values, raising concerns over accuracy and accountability.
If You're Worried About Unelected People Running The Country' CNN's Jennings Takes Shot at Biden While Defending Musk and DOGE on CutsScott Jennings defended Trump and Musk's cost-cutting measures while criticizing Biden during a panel on CNN.
Why Elon Musk is targeting a free tax-filing softwareMusk's cost-cutting measures may lead to unexpected costs for American taxpayers.
No US government audits for the last 100 years? Here's why 'Shark Tank' star Kevin O'Leary is wrong - PoynterO'Leary criticizes government inefficiencies, claiming a lack of audits and the need for drastic cuts led by Elon Musk.
Musk's Doge to fire all local workers and US diplomats from USAID, sources sayElon Musk's team is dismantling USAID, leading to massive layoffs and merging its operations into the State Department.
USPS to slash 10,000 jobs under new deal with Musk's DOGEUSPS partners with Elon Musk's DOGE to identify operational efficiencies amidst ongoing cost-cutting measures.
See How Elon Musk's Team Inflated, Deleted and Rewrote Its Savings ClaimsThe Department of Government Efficiency's contract listings are marked by numerous errors and fluctuating values, raising concerns over accuracy and accountability.
If You're Worried About Unelected People Running The Country' CNN's Jennings Takes Shot at Biden While Defending Musk and DOGE on CutsScott Jennings defended Trump and Musk's cost-cutting measures while criticizing Biden during a panel on CNN.
Why Elon Musk is targeting a free tax-filing softwareMusk's cost-cutting measures may lead to unexpected costs for American taxpayers.
No US government audits for the last 100 years? Here's why 'Shark Tank' star Kevin O'Leary is wrong - PoynterO'Leary criticizes government inefficiencies, claiming a lack of audits and the need for drastic cuts led by Elon Musk.
Musk's Doge to fire all local workers and US diplomats from USAID, sources sayElon Musk's team is dismantling USAID, leading to massive layoffs and merging its operations into the State Department.
US plans to close European consulates and cut state department workforceThe US State Department plans to reduce its diplomatic footprint in Western Europe amidst significant workforce cutbacks.
Federal buildings in California potentially on chopping block as Trump looks to cut costsThe Trump administration plans to potentially close or sell numerous federal buildings in California, jeopardizing essential services.
Nearly 40% of contracts canceled by DOGE are expected to produce no savingsMany canceled contracts by the Trump administration will not save money, as funds are already committed.
As Trump jettisons its staff, HUD puts its D.C. headquarters up for saleHUD is seeking a smaller, cost-efficient building to improve efficiency and reduce taxpayer burdens.
Nearly 40% of contracts canceled by Musk's DOGE are expected to produce no savingsMany contract cancellations by the Trump administration are not expected to save money.Over one-third of canceled contracts yield no savings for the government.
US plans to close European consulates and cut state department workforceThe US State Department plans to reduce its diplomatic footprint in Western Europe amidst significant workforce cutbacks.
Federal buildings in California potentially on chopping block as Trump looks to cut costsThe Trump administration plans to potentially close or sell numerous federal buildings in California, jeopardizing essential services.
Nearly 40% of contracts canceled by DOGE are expected to produce no savingsMany canceled contracts by the Trump administration will not save money, as funds are already committed.
As Trump jettisons its staff, HUD puts its D.C. headquarters up for saleHUD is seeking a smaller, cost-efficient building to improve efficiency and reduce taxpayer burdens.
Nearly 40% of contracts canceled by Musk's DOGE are expected to produce no savingsMany contract cancellations by the Trump administration are not expected to save money.Over one-third of canceled contracts yield no savings for the government.
How UK SMEs Can Cut Costs and Stay Competitive in 2025UK small businesses are struggling due to high inflation and rising costs, requiring effective cost-cutting strategies.
Finance chiefs brace for impact as trade war and tax hikes fuel business anxietyUK companies are cutting costs due to heightened global economic uncertainty and geopolitical risks.
How UK SMEs Can Cut Costs and Stay Competitive in 2025UK small businesses are struggling due to high inflation and rising costs, requiring effective cost-cutting strategies.
Finance chiefs brace for impact as trade war and tax hikes fuel business anxietyUK companies are cutting costs due to heightened global economic uncertainty and geopolitical risks.
Rivian inches closer to profitability but warns 'changes to government policies' could hurt | TechCrunchRivian is approaching profitability but faces uncertainties in 2025 due to potential government policy changes.
Rivian starts a challenging year with a big slip in deliveries | TechCrunchRivian delivered 8,640 vehicles in Q1 2024, its worst quarterly performance since late 2022, but maintains a confident annual delivery outlook.
Rivian inches closer to profitability but warns 'changes to government policies' could hurt | TechCrunchRivian is approaching profitability but faces uncertainties in 2025 due to potential government policy changes.
Rivian starts a challenging year with a big slip in deliveries | TechCrunchRivian delivered 8,640 vehicles in Q1 2024, its worst quarterly performance since late 2022, but maintains a confident annual delivery outlook.
Rewriting Social Security will be a train wreckBidding low often compromises quality, leading to poor project outcomes.
Deloitte is the biggest loser in DOGE's consulting crackdownTrump administration reduces federal consultancy spending, significantly impacting major firms.Deloitte faced the most cuts, altering 127 contracts and impacting $371.8 million in taxpayer savings.
Rewriting Social Security will be a train wreckBidding low often compromises quality, leading to poor project outcomes.
Deloitte is the biggest loser in DOGE's consulting crackdownTrump administration reduces federal consultancy spending, significantly impacting major firms.Deloitte faced the most cuts, altering 127 contracts and impacting $371.8 million in taxpayer savings.
Apple explains why the iPhone 16e doesn't have MagSafeApple claims iPhone 16e doesn't need MagSafe due to user charging habits, stirring debate over consumer need versus cost-cutting.
Retailers are tweaking products to cut costs and offset Trump's tariffsConsumer goods companies are adjusting products to avoid price hikes amidst rising tariffs.Shoppers face reduced packaging and more DIY products as companies cut costs.
Apple explains why the iPhone 16e doesn't have MagSafeApple claims iPhone 16e doesn't need MagSafe due to user charging habits, stirring debate over consumer need versus cost-cutting.
Retailers are tweaking products to cut costs and offset Trump's tariffsConsumer goods companies are adjusting products to avoid price hikes amidst rising tariffs.Shoppers face reduced packaging and more DIY products as companies cut costs.
Accenture CEO says DOGE's cost-cutting drive is hitting business, as worry spreads among staffAccenture's revenues are impacted by DOGE's cost-cutting efforts, leading to fears among employees.
A Warning for Elon MuskThe Reagan administration exemplifies the dangers of disregarding historical precedents in government cost-cutting efforts.
Walgreens is closing 9 Massachusetts locationsWalgreens is closing nine stores in Massachusetts, including one in Dorchester, to cut costs and improve performance.
Trump, Musk lavish each other with praise as they defend cost-cutting driveTrump and Musk collaborate to cut costs without harming healthcare or welfare benefits.
Social Security employees warn of damage from DOGECost-cutting measures at the Social Security Administration risk crippling its ability to serve millions dependent on its benefits.
Trump, Musk lavish each other with praise as they defend cost-cutting driveTrump and Musk collaborate to cut costs without harming healthcare or welfare benefits.
Social Security employees warn of damage from DOGECost-cutting measures at the Social Security Administration risk crippling its ability to serve millions dependent on its benefits.
Sir Jim Ratcliffe reveals Manchester United would have gone BUST by Christmas without cost-cutting measuresManchester United faced financial peril, with claims it would have gone bust by Christmas without cost-cutting measures.
Manchester United given huge indicator over club takeover amid latest INEOS announcementINEOS is executing a significant cost-cutting strategy at Manchester United, indicated by substantial job cuts and operational changes.
Man Utd make 200 more staff redundant in cutsManchester United is cutting 200 staff to stabilize finances following over £300 million in losses over three years.
Manchester United could repeat Chesea's little-known trick to help with financial woesManchester United faces significant financial challenges and increased cost-cutting measures to avoid breaching financial regulations.
Ineos seeks early end to Spurs sponsorshipIneos is negotiating an early termination of its sponsorship deal with Tottenham due to cost-cutting measures.
Let them eat fruit: Manchester United close staff canteen in latest cost-cuttingJim Ratcliffe is closing the staff canteen at Old Trafford and replacing free lunches with fruit in a cost-cutting move.
Sir Jim Ratcliffe reveals Manchester United would have gone BUST by Christmas without cost-cutting measuresManchester United faced financial peril, with claims it would have gone bust by Christmas without cost-cutting measures.
Manchester United given huge indicator over club takeover amid latest INEOS announcementINEOS is executing a significant cost-cutting strategy at Manchester United, indicated by substantial job cuts and operational changes.
Man Utd make 200 more staff redundant in cutsManchester United is cutting 200 staff to stabilize finances following over £300 million in losses over three years.
Manchester United could repeat Chesea's little-known trick to help with financial woesManchester United faces significant financial challenges and increased cost-cutting measures to avoid breaching financial regulations.
Ineos seeks early end to Spurs sponsorshipIneos is negotiating an early termination of its sponsorship deal with Tottenham due to cost-cutting measures.
Let them eat fruit: Manchester United close staff canteen in latest cost-cuttingJim Ratcliffe is closing the staff canteen at Old Trafford and replacing free lunches with fruit in a cost-cutting move.
Rolling job cuts by Broadcom have slashed VMware's workforce roughly in halfBroadcom has drastically reduced VMware's workforce by about half post-acquisition to enhance profitability.
Meta (META) and Starbucks (SBUX) Show That Cutting Jobs Leads to BonusesMeta plans to reduce its workforce by 5% while rewarding top executives with bonuses up to 200% of their salaries.Starbucks lays off 1,100 employees, indicating significant workforce adjustments amid rising coffee prices.
Chevron to Lay Off Up to 20% of StaffChevron to lay off up to 20% of workforce to cut costs and streamline operations.
Goldman Sachs to Managers: Move to Dallas, Salt Lake City | EntrepreneurGoldman Sachs is relocating managers to lower-cost cities to save on expenses and nurture talent in emerging markets.
Rolling job cuts by Broadcom have slashed VMware's workforce roughly in halfBroadcom has drastically reduced VMware's workforce by about half post-acquisition to enhance profitability.
Meta (META) and Starbucks (SBUX) Show That Cutting Jobs Leads to BonusesMeta plans to reduce its workforce by 5% while rewarding top executives with bonuses up to 200% of their salaries.Starbucks lays off 1,100 employees, indicating significant workforce adjustments amid rising coffee prices.
Chevron to Lay Off Up to 20% of StaffChevron to lay off up to 20% of workforce to cut costs and streamline operations.
Goldman Sachs to Managers: Move to Dallas, Salt Lake City | EntrepreneurGoldman Sachs is relocating managers to lower-cost cities to save on expenses and nurture talent in emerging markets.
10 consulting firms with government contracts are now in DOGE's sights. Here's the full list.DOGE is focusing on reviews of government consulting contracts as part of cost-cutting measures before the March 7 deadline.
Southwest Airlines Is Laying Off 15% of Its Workforce | EntrepreneurSouthwest Airlines announced its first mass layoffs, affecting 1,750 corporate employees, as part of a cost-cutting strategy.
HP Is Laying Off Up to 2,000 Employees By October | EntrepreneurHP is laying off up to 2,000 employees as part of a cost-cutting initiative to save $300 million.
Meta to lay off 5% of employees in efficiency drive DW 01/15/2025Meta is laying off 3,600 employees as part of a strategy to raise performance standards and cut costs.
Why Oil, Gas Giant Chevron Is Laying Off Up to 8,000 Workers | EntrepreneurChevron will lay off 15% to 20% of its workforce, affecting up to 8,000 employees, to cut costs by $3 billion by 2026.
Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforceChevron plans to lay off 15-20% of its workforce by 2026 as part of cost-cutting measures amidst production challenges.
Southwest Airlines Is Laying Off 15% of Its Workforce | EntrepreneurSouthwest Airlines announced its first mass layoffs, affecting 1,750 corporate employees, as part of a cost-cutting strategy.
HP Is Laying Off Up to 2,000 Employees By October | EntrepreneurHP is laying off up to 2,000 employees as part of a cost-cutting initiative to save $300 million.
Meta to lay off 5% of employees in efficiency drive DW 01/15/2025Meta is laying off 3,600 employees as part of a strategy to raise performance standards and cut costs.
Why Oil, Gas Giant Chevron Is Laying Off Up to 8,000 Workers | EntrepreneurChevron will lay off 15% to 20% of its workforce, affecting up to 8,000 employees, to cut costs by $3 billion by 2026.
Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforceChevron plans to lay off 15-20% of its workforce by 2026 as part of cost-cutting measures amidst production challenges.
Aston Martin's new chief vows to reverse fortunes as luxury carmaker targets 2025 profitAston Martin aims to achieve profitability by 2025 through cost-cutting and operational improvements, despite ongoing financial challenges.
Facing NIH cuts, colleges restrict grad student admissionsColleges are pausing admissions to graduate programs and cutting class sizes due to federal funding uncertainties.
Apple says its C1 modem isn't to blame for the iPhone 16e's lack of MagSafeThe iPhone 16e lacks MagSafe due to cost-cutting, not because of the C1 modem.
Amazon's retail CEO tells employees more cost cuts are needed to afford 'big investments in big new businesses'Amazon's retail CEO emphasizes the necessity of cutting costs to fund growth investments.The focus is on improving delivery and shipping efficiencies.
Amazon set to report earnings after the bellAmazon's fourth-quarter earnings report is expected to show significant revenue growth amid ongoing cost-cutting measures.Key metrics to watch include projected earnings of $1.49 per share and revenue of $187.3 billion.
Amazon's retail CEO tells employees more cost cuts are needed to afford 'big investments in big new businesses'Amazon's retail CEO emphasizes the necessity of cutting costs to fund growth investments.The focus is on improving delivery and shipping efficiencies.
Amazon set to report earnings after the bellAmazon's fourth-quarter earnings report is expected to show significant revenue growth amid ongoing cost-cutting measures.Key metrics to watch include projected earnings of $1.49 per share and revenue of $187.3 billion.
HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'HSBC aims to save $300 million this year, part of a broader plan to reduce costs by $1.5 billion by 2026.
Can this maternity ward be saved? Doctors, nurses sound alarm at a Miami-area hospitalPalmetto General's labor and delivery unit faces potential closure, causing concern among staff and expectant mothers.
Trump Says Minting U.S. Pennies Is Wasteful.' Does Making Cents Really Make No Sense?Trump calls for the end of penny production, citing its cost outweighing its value.
Sainsbury's to cut 3,000 head office jobs and close cafes in 1bn cost-cutting driveSainsbury's plans to eliminate over 3,000 head office jobs and close cafés to save £1 billion amid a challenging cost environment.
Google Pixel 10a could take cost cutting to the next levelThe Pixel 10a may launch with a less powerful processor than expected, affecting its competitiveness.Google is considering cost-cutting measures for the Pixel 10a's development.
ASOS shutters US warehouse as part of cost-saving turnaround planAsos will close its US warehouse to cut costs, incurring a large impairment charge but aiming for future profit increases.