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