cost cutting Archives - CFO

2023 Outlook: 5 Finance Risks to Monitor This Year

Risk Management

2023 Outlook: 5 Finance Risks to Monitor This Year

Inflation and recession, disgruntled workers, higher borrowing costs, and more — risks lurk everywhere in 2023.

By Vincent Ryan | January 23, 2023

Treasurers Shift Focus to Payments and Banking Fees

Cash Management

Treasurers Shift Focus to Payments and Banking Fees

Moving to electronic payment processes and cutting back on banking relationships and fees are the focus of treasury departments this year.

By Vincent Ryan | September 14, 2022

Nielsen to Exit Businesses, Cut 3,500 Jobs

Nielsen to Exit Businesses, Cut 3,500 Jobs

“These restructuring actions will further expedite our transformation to a more efficient, agile, and scalable organization."

By Matthew Heller | July 7, 2020

Expedia Follows Exec Shakeup With Job Cuts

Expedia Follows Exec Shakeup With Job Cuts

By laying off 12% of Expedia's workforce, Chairman Barry Diller is following through on his pledge to reshape the "bloated organization."

By Matthew Heller | February 25, 2020

Wells Fargo Misses Estimates as Profit Falls 55%

Financial Performance

Wells Fargo Misses Estimates as Profit Falls 55%

The bank's new CEO pledges to “make the fundamental changes necessary to regain the full trust and respect of all stakeholders."

By Matthew Heller | January 15, 2020

Walgreens Shares Dive on Q1 Earnings Miss

Financial Performance

Walgreens Shares Dive on Q1 Earnings Miss

“We anticipate that profitability and sales growth may be hard to come by for the foreseeable future,” an analyst says of the drugstore chain.

By Matthew Heller | January 8, 2020

Uber to Cut 435 Jobs as Streamlining Continues

Uber to Cut 435 Jobs as Streamlining Continues

"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.

By Matthew Heller | September 11, 2019

It’s Unanimous: Firms that ‘Know’ Bots Will Expand Their Usage

It’s Unanimous: Firms that ‘Know’ Bots Will Expand Their Usage

Automation is sweeping across the corporate landscape, with many companies expecting to use RPA in most or all of their functions within two years.

By David McCann | May 2, 2019

Kraft Heinz Names Marketing Expert as CEO

Kraft Heinz Names Marketing Expert as CEO

The packaged-foods giant appears to be pivoting toward growth rather than cost cutting in replacing Bernardo Hees with Miguel Patricio.

By Matthew Heller | April 22, 2019

Tesla to Slash Full-Time Workforce by 7%

Tesla to Slash Full-Time Workforce by 7%

CEO Elon Musk says costs must be cut because "our products are still too expensive for most people.”

By Matthew Heller | January 18, 2019

Wells Fargo Profit Gets Boost From Cost Cutting

Financial Performance

Wells Fargo Profit Gets Boost From Cost Cutting

The bank's third-quarter results "reflect the transformational changes we've been making at Wells Fargo," CEO Tim Sloan says.

By Matthew Heller | October 12, 2018

How to Cut the Fat Without Cutting Staff

How to Cut the Fat Without Cutting Staff

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.

By David Johnson | August 21, 2018

Hershey CFO to Retire Next Year

Hershey CFO to Retire Next Year

Patricia Little helped cut costs, but the company faces changing consumer tastes.

By William Sprouse | August 20, 2018

Wells Misses Estimates With Broad Weakness

Financial Performance

Wells Misses Estimates With Broad Weakness

Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.

By Matthew Heller | July 13, 2018

Whirlpool Profit Sags on Raw Materials Inflation

Financial Performance

Whirlpool Profit Sags on Raw Materials Inflation

The appliance maker has been trying to mitigate its higher raw materials costs with price increases and cost cutting.

By Matthew Heller | April 24, 2018