Automation is sweeping across the corporate landscape, with many companies expecting to use RPA in most or all of their functions within two years.
The packaged-foods giant appears to be pivoting toward growth rather than cost cutting in replacing Bernardo Hees with Miguel Patricio.
CEO Elon Musk says costs must be cut because "our products are still too expensive for most people.”
The bank's third-quarter results "reflect the transformational changes we've been making at Wells Fargo," CEO Tim Sloan says.
To get organizational buy-in for a cost-reduction effort, target non-staff cuts — and make sure workers know that's what you're doing.
Patricia Little helped cut costs, but the company faces changing consumer tastes.
Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.
The appliance maker has been trying to mitigate its higher raw materials costs with price increases and cost cutting.
The cereal maker is now predicting full-year operating profit will fall as much as 6% due to higher-than-expected supply chain costs.
At some point, cost cutting and higher prices can hinder growth and destroy value.
The layoffs will add to last year's $450 million in cost savings as the personal care company continues to adjust to weak sales in North America.
Continued weakness in North America hurt Q3 sales but the company's cost-cutting helped drive a 3% gain in net income.
