#financial-losses

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Ars Technica
1 week ago
Marketing

Customers say Meta's ad-buying AI blows through budgets in a matter of hours

AI-powered ad systems can lead to overspending and inefficient ad campaigns, causing dissatisfaction and financial losses for users. [ more ]
www.nytimes.com
2 weeks ago
Canada news

Southwest Quits Four Airports in Cost-Cutting Drive

Southwest Airlines is cutting costs by ceasing operations at four airports due to delayed Boeing plane deliveries and financial losses. [ more ]
ESPN.com
1 month ago
Chelsea

Everton reveal $112M loss amid relegation fight

Everton reported significant financial losses for the 2022-23 season.
The club attributes some of the financial struggles to suspended commercial partnerships. [ more ]
www.90min.com
1 month ago
Chelsea

10 players Chelsea can sell to avoid financial sanctions

Chelsea reported an annual loss of 90.1m, and potential heavy sanctions loom.
Various players such as Ziyech and Lukaku could be sold to raise funds for Chelsea. [ more ]
ESPN.com
2 months ago
Chelsea

Sources: Chelsea tracking Bilbao's Nico Williams

Chelsea is tracking Nico Williams from Athletic Bilbao, whose new contract includes a €50 million release clause.
Chelsea's pursuit of Williams might depend on selling players due to their recent substantial financial losses. [ more ]
Dealbreaker
1 month ago
Law

Layoffs Watch '24: Brevan Howard

Brevan Howard Asset Management is expanding its operations but facing financial losses.
The firm has cut about 10% of its traders due to underperformance in macro trading and systematic trading. [ more ]
www.theguardian.com
2 months ago
UK politics

Why I got it so wrong on GB News the flailing TV juggernaut that's too rich to fail | Zoe Williams

GB News financial losses have increased significantly over the years despite climbing viewer numbers.
Ofcom often finds GB News in violation of impartiality regulations, including on misogynistic content and biased panel discussions. [ more ]
Forbes
2 months ago
Productivity

Council Post: Stop The Return To Office Nonsense

Hybrid work is recognized as the optimal work model for the future.
Corporations face substantial financial losses due to underutilized office spaces. [ more ]
www.independent.co.uk
2 months ago
UK news

Cate Blanchett accused of destroying holidays' with Cornwall eco-home

Cate Blanchett's eco-home construction in Cornwall has irked neighbors, leading to complaints and lost revenue.
Neighbors raise concerns over noise from ongoing renovations and new applications, accusing the celebrity couple of disregarding their peace and causing financial losses. [ more ]
www.nytimes.com
2 months ago
Tech industry

Most Wanted' Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

Ukrainian man pleaded guilty to cyberattack schemes causing millions in losses and hospital disruption.
Mr. Penchukov led an organization infecting computers with malicious software for years, causing significant financial losses. [ more ]
Los Angeles Times
3 months ago
LA food

Two of L.A.'s most lauded chefs are closing their Michelin-starred restaurant and its downstairs bistro

Two of L.A.'s acclaimed restaurants, Manzke and Bicyclette, are set to close on March 2, 2024.
The closures are reportedly due to financial losses. [ more ]
Boston.com
3 months ago
Media industry

Billionaires hoped to profit in media. It's not working.

Billionaire owners are struggling to make money in the news industry.
Wealth is not a predictor for solving the challenges facing media companies. [ more ]
Nieman Lab
3 months ago
Media industry

The LA Times lays off 115 people, with the De Los and Washington, D.C. teams especially hard-hit

The Los Angeles Times has laid off 23% of its newsroom, one of the largest cuts in the paper's history.
The layoffs followed reports that the Times lost $30 million to $40 million last year. [ more ]
Rubyflow
3 months ago
Business intelligence

How we prevented financial loses in a SaaS app

Identified premium users without Stripe subscription
Fixed bugs and synced historical data [ more ]
Chicago Tribune
3 months ago
Chicago

Former CPS assistant principal whose case was highlighted in IG report appears in court on embezzlement charges

Former Chicago Public Schools assistant principal accused of embezzling $274,000 from an elementary school.
Office of Inspector General report highlights financial losses and calls for new training protocols to address adult-on-student sexual misconduct. [ more ]
Pitchfork
5 months ago
Music

Spotify to Lay Off One-Sixth of Its Workforce

Spotify is laying off 1,500 employees, or one-sixth of its workforce, due to financial losses and the need to reduce costs.
The company's cost structure is still too big despite previous efforts to cut costs. [ more ]
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