#cost-cutting

#cost-cutting

On a recent two-week trip to Japan with my fiancé - six cities, six hotels - every stay was gorgeous and perfectly appointed. We wanted for nothing. Except, in most cases, a proper bathroom door. Instead, we spent the better part of two weeks making accidental eye contact through frosted glass and translucent panels while one of us was otherwise occupied. A design choice, apparently. A test of intimacy, definitely.

Workplace wellness programs have exploded over the past decade or so, with companies rolling out a suite of subsidized perks, such as gym discounts, mental health apps, and other benefits aimed at attracting and retaining workers. The pandemic upped the ante even more - in the face of a tight labor market and a hyper-stressed workforce, plenty of business leaders looked around and thought, "Well, a Zoom meditation session can't hurt, right?"

A pair of City & Guilds executives have each been awarded million-pound bonuses and sizeable salary increases after the skills charity's business was acquired by an international company in October, the Guardian understands. The payments which are understood to include a 1.7m award for the chief executive, Kirstie Donnelly, and 1.2m to the finance director, Abid Ismail have emerged at a sensitive time for the training and qualifications business, as it navigates its first few months in the private sector.

Since its merger with Cedar Fair Entertainment Company last year, Six Flags has upset some parkgoers with its cost-cutting efforts, including moving to a regional management model where park presidents at Knott's Berry Farm and Magic Mountain were laid off. At some parks, live entertainment was reduced or mostly canceled, and some seasonal events did not return this year, such as WinterFest and Tricks and Treats at California's Great America in Santa Clara.

About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1. "As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this decision on affected Team Members, and we are committed to treating them with care and respect during this process," it added.

iBuying was never out of vogue, Rabois said, addressing comments about Redfin's and Zillow's exits from the space. It was out of vogue because Redfin and Zillow didn't know how to do it. We were always successful. We minted free cash flow every year I was involved in the company. However, it's very complicated and very difficult to do iBuying well, but the value proposition of certainty, transactional speed is incredibly compelling to Americans.

In March, 49ers general manager John Lynch was defiant. Sure, his front office had followed ownership's mandate to cut costs, jettisoning veteran (aka, expensive) depth and replacing it with no one in particular (cheap) during free agency, but as Lynch told this news organization: We've got this thing called the draft. That's how the Niners would backfill their roster: kids.

OpenAI's new model, GPT-5, consists of two distinct models: a lightweight LLM for quick responses and a heavier model for complex tasks. This change aims to optimize resource use.

The closure comes amid broader layoffs within Amazon Web Services, reflecting escalating geopolitical friction between the United States and China.

Gannett is executing $100 million in cost cuts, including closing print facilities and automating processes, to improve operational efficiency and adapt to revenue declines.

The discount carrier is unlikely to break even this year, prompting new cost-cutting measures amid decreased travel demand and ongoing reliance on borrowed cash.