Browsing: Cost Cutting
Paramount’s new CEO tells employees to return to office full-time or quit ahead of layoffs
Paramount CEO David Ellison, in one of his first companywide memos, demanded staff come back to the office five days…
Elon Musk said at the Qatar Economic Forum Tuesday DOGE has no power to enforce its major cost cuts and…
Good morning. Lily Mae Lazarus here, filling in for Ruth Umoh. In the pursuit of speed and efficiency, many companies…
Today’s most effective leaders aren’t just strategists or visionaries; they’re simplifiers. These executives can cut through bureaucracy, strip away bloat,…
Ex-Sony boss’ blunt advice for laid-off workers: ‘Go to the beach for a year or drive an Uber’
What should you do if you’re one of the thousands of tech workers who have just been laid off? Take…
Amid Tesla’s bloodletting, top exec sends Musk a message: The company has ‘taken its pound of flesh’
Tesla’s head of product launches Rich Otto resigned from the Elon Musk-led electric vehicle maker last week—and he signed off…
The sudden closure of several video-game studios at Microsoft Corp.’s Xbox division was the result of a widespread cost-cutting initiative…
Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan
Elon Musk’s latest cost-cutting victims: Summer interns. Tesla Inc. is rescinding offers just weeks before internships were set to start,…
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting…
Facing reports of more job cuts, Flexport CEO Ryan Petersen explains why he raised $260 million from Shopify
The digital-focused freight forwarder Flexport was riding high in early 2022. Its unicorn startup status had just been reconfirmed after…












