#cost-cutting

#cost-cutting

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.

TikTok is taking new steps to squeeze out a return, including layoffs and stricter rules, as its US e-commerce business faces significant challenges.

The layoffs will streamline operations, centralizing key functions and reducing costs, as part of an effort to improve profitability and efficiency at Match Group.

The decline in META stock highlights the challenges facing the company as it navigates slowing advertising revenue, regulatory pressures, and rising operational costs.

UPS plans to cut 20,000 jobs in 2025 as part of a major restructuring to reduce costs and improve efficiency, amid soft market demand.

HUD Secretary Scott Turner has described the current building as 'the ugliest building in D.C.' and emphasized a focus on creating a workplace that embodies efficiency and accountability.