costcutting

Sources: Amazon launches a cost-cutting review focused on unprofitable businesses, including devices unit, which had a $5B annual operating loss in recent years (Wall Street Journal)

November 10, 2022

[ad_1] Wall Street Journal: Sources: Amazon launches a cost-cutting review focused on unprofitable businesses, including devices unit, which had a…

Business

Gap slashes 500 corporate jobs in cost-cutting move

September 20, 2022

[ad_1] NEW YORK — Gap is slashing 500 corporate jobs in San Francisco and New York as it looks to…

Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program (Svea Herbst-Bayliss/Reuters)

September 16, 2022

[ad_1] Svea Herbst-Bayliss / Reuters: Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with…

Sources: Google canceled the next version of its Pixelbook laptop slated for 2023 and dissolved the team building it, as part of recent cost-cutting measures (The Verge)

September 12, 2022

[ad_1] The Verge: Sources: Google canceled the next version of its Pixelbook laptop slated for 2023 and dissolved the team…

Meta axes yet another flagging Facebook feature in apparent cost-cutting move

September 2, 2022

[ad_1] Add another victim to Meta’s hit list as the company recently announced it’s shutting down Facebook Neighborhoods on October…

Wix embarks on cost-cutting quest as economy takes a dive

August 11, 2022

[ad_1] Popular website builder Wix has begun implementing cost reduction measures in a bid to achieve $150 million in annualized…

In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product (Bloomberg)

May 12, 2022

[ad_1] Bloomberg: In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product…