After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs
Recently, ShopClues was in talks with larger rival Snapdeal for a potential acquisition.
Govt working on efforts to turn around AI; cost cutting, revenue augmentation measures to fetch Rs 2,000-cr benefits
The ministry would monitor the implementation of the AI plan and then report to the AISAM.
There was no mention of cost-cutting measures that could help Snapchat achieve its profitability goal.
International Business Machines Corp (IBM) is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
HP Inc, which houses the former Hewlett-Packard Co's legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers.
State-owned carrier Air India is to cuts its costs by Rs 1400 crore ($227 million), or about 6 percent of its total outlays, in the next financial year after the government asked the loss-making airline to improve its finances.
The announcement comes two months after the ouster of Chief Executive Peter Loescher who drew up the savings plan late last year.<br /><br />
It will become EBIDTA positive for the first time since 2007. Aviation minister Ajit Singh Singh has suggested stringent cost cutting measures for the airline so that its revenues exceed outflows.
The Barclays branches that will be closed are in Rajahmundry in Andhra Pradesh, and Ahmednagar and Junagadh. It may shut some other smaller branches over the next few months.
Last year it announced 4,500 job cuts. The group, which had previously targeted 800 million euros of cost savings, raised the target to 1.1 billion euros today
The axe is expected to fall on nearly 4 percent of the bank's 52000-strong UK workforce in a drive to slash costs.
How do you connect strategies calling for revenue growth with plans for continued cost cutting? You connect revenue and cost through the customer experience.
Over 100 employees are being given the pink slip as part of a worldwide cost-cutting drive and this involves employees at several levels - from the top down to the middle and bottom.
On flights of less than 90-minute duration, the airline now plans to serve only snacks instead of hot meals served earlier.
Popular Indian mobile service provider is gearing up for a restructuring process on a massive scale, the biggest since 2008 - the period of recession.