“These restructuring actions will further expedite our transformation to a more efficient, agile, and scalable organization."
By laying off 12% of Expedia's workforce, Chairman Barry Diller is following through on his pledge to reshape the "bloated organization."
The bank's new CEO pledges to “make the fundamental changes necessary to regain the full trust and respect of all stakeholders."
“We anticipate that profitability and sales growth may be hard to come by for the foreseeable future,” an analyst says of the drugstore chain.
"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
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.
