CostCutting

Fans are reflected in Disney+ logo during the Walt Disney D23 Expo in Anaheim, California in September 2022. Disney's streaming service has…

Australia’s largest telco Telstra is set to cut almost 500 jobs, the business told staff on Wednesday, marking the first major round of redundancies during chief executive Vicki Brady’s tenure.The proposed 472 cuts, which come as the…

Westpac’s half-year profit has surged by more than a fifth to $4 billion, as it dumped a plan to cut its cost base to $8.6 billion, citing pressure from high inflation and ongoing regulatory requirements.The banking giant on Monday morning…

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCCarl Icahn on Friday called Illumina's first-quarter results "very disappointing" and slammed the DNA sequencing company's new plans to cut costs. …

Amazon is winding down its health-focused Halo devices and membership as the tech giant continues to cut costs.The company told customers on Wednesday that it will issue refunds to anyone who purchased Amazon Halo devices…

"Twitter began negotiations with the three major music conglomerates — Universal, Sony and Warner — in the fall of 2021, according to six people close to the talks," The New York Times reported. When Musk took over, however,…

With IPL 2023 returning to home-and-away format, multiple franchises are looking at cutting down on logistics cost and net bowlers are the first casualty.…

Deliveroo hopes to improve underlying earnings this year although high inflation and competition could make for a bumpy ride. Deliveroo…

Walt Disney chief executive Bob Iger announced plans to cut 7,000 jobs, about 3 per cent of the company’s workforce, as part of a broad restructuring that he said would save $5.5bn over the next few years, revive its creative output…

Signage outside PayPal headquarters in San Jose, Calif., is pictured on March 10, 2015. PayPal said Tuesday, Jan. 31, 2023, that it will trim about 7% of its total…