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.
General Mills Slashes Guidance, Stock Plunges
The cereal maker is now predicting full-year operating profit will fall as much as 6% due to higher-than-expected supply chain costs.
How to Know When Better Profit Margins Aren’t Better
At some point, cost cutting and higher prices can hinder growth and destroy value.