cost cutting

Amazon.com Inc. (NASDAQ:AMZN) has decided to terminate its secret project aimed at developing an at-home fertility tracker. The project, known internally as “Encore,” was part of Amazon’s Grand Challenge division. What Happened: The decision to disband the team working on the...

In a recent development, Meta Platforms Inc subtly hinted at CEO Mark Zuckerberg‘s ongoing commitment to efficiency. The WiFi password at a Meta event, “effici3ncy,” served as a symbolic representation of the company’s cost-cutting measures. What Happened: According to a...

In a significant move that could reshape Argentina’s economic landscape, Donald Trump-loving President Javier Milei has launched a campaign targeting state-owned enterprises for major reforms. This initiative comes as Milei faces considerable legislative challenges in his bid to privatize...

Under the watchful eye of CEO Andy Jassy, Amazon Inc. (NASDAQ:AMZN) has seen its profit margins nearing record highs. Jassy, who began his role as CEO in mid-2021, has been resolute in his efforts to reduce costs across the company, reported CNBC. Over the past year, he has...

Greenlane Holdings, Inc. (NASDAQ: GNLN) announced leadership changes and plans to capitalize the business and accelerate the company's path to profitability, as well as provided preliminary financial results for its fourth quarter and full year ended December 31, 2021. Reducing Cost Structure...