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."
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.
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.
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.
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.
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.”
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.
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.
Hershey CFO to Retire Next Year
Patricia Little helped cut costs, but the company faces changing consumer tastes.
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.
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.