The Trump administration may cancel hundreds of billions in consulting contracts after deeming cost-cutting suggestions from firms like Accenture and Deloitte "insulting," citing f...
Mercedes has agreed on a cost-cutting program with job reductions, offering voluntary buyouts to employees. The plan includes reduced wage increases, mandatory use of vacation days...
Mercedes-Benz has agreed with its Works Council on a cost-cutting program, including voluntary job buyouts, wage increase adjustments, and outsourcing of administrative functions t...
Chevron plans to reduce its global workforce by 15%-20% as part of a cost-cutting strategy aiming to save up to $3 billion. The layoffs, announced by Vice Chairman Mark Nelson, are...
BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...
Microsoft Corp. has announced a temporary hiring freeze in its US consulting unit as part of its cost-cutting strategies. Employees are encouraged to use virtual meetings to save o...
Volkswagen and IG Metall union have reached an agreement to prevent job losses and factory shutdowns, following intense negotiations and nationwide strikes.
Disney CFO Hugh Johnston predicts an increase in streaming service pricing, highlighting Disney+'s transformation of the company from B2B to DTC. He also discusses ongoing cost-cut...
