Cost Cutting

Showing of 1 - 20 from 22 results
Cost Cutting - Total results - 22
After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs
Business

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
Business

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.

Snapchat aims full-year profitability in 2019 by betting on older users: Report
News & Analysis

Snapchat aims full-year profitability in 2019 by betting on older users: Report

There was no mention of cost-cutting measures that could help Snapchat achieve its profitability goal.

US Banks can't afford Watson, IBM's best cost-cutting recommendation
News & Analysis

US Banks can't afford Watson, IBM's best cost-cutting recommendation

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 profit beats Street amid weak market for PCs, printers
Biztech

HP profit beats Street amid weak market for PCs, printers

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.

Nokia cuts more than a thousand jobs in Finland
Biztech

Nokia cuts more than a thousand jobs in Finland

Nokia is cutting 1,032 jobs in Finland as part of a cost-cutting program following its acquisition of Alcatel-Lucent, the telecom network equipment maker said in a statement.

Restrictions on staff travel and hospitality: Air India to cut costs by Rs 1,400 cr
Business

Restrictions on staff travel and hospitality: Air India to cut costs by Rs 1,400 cr

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.

Siemens sheds 15,000 jobs in $8bn cost-savings drive
Business

Siemens sheds 15,000 jobs in $8bn cost-savings drive

The announcement comes two months after the ouster of Chief Executive Peter Loescher who drew up the savings plan late last year.<br /><br />

Belt tightening: Air India on its way to profitability this fiscal
Business

Belt tightening: Air India on its way to profitability this fiscal

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.

UBS set to begin 400 job cuts today: WSJ
Business

UBS set to begin 400 job cuts today: WSJ

UBS has already pledged to cut 3,500 jobs as part of earlier cost cuts, but this is seen as too little by most analysts given a dramatic slowdown in investment banking business

Barclays to shut 3 Indian branches, cut jobs: source
Business

Barclays to shut 3 Indian branches, cut jobs: source

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.

BoFA plans 16,000 job cuts by year end
Business

BoFA plans 16,000 job cuts by year end

The job cuts would put the second-largest US bank a year ahead of schedule in eliminating 30,000 jobs under a program called Project New BAC

Philips steps up cost cuts, more jobs to be lost
News & Analysis

Philips steps up cost cuts, more jobs to be lost

Philips Electronics stepped up its cost-cutting drive yesterday and said more jobs would go as part of a drastic overhaul of its business, which began...

Philips raises cost-cutting target, to slash another 2,200 jobs
Business

Philips raises cost-cutting target, to slash another 2,200 jobs

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

HSBC cost-cutting: Net job loss is 2,217 in UK , 550 in India
Business

HSBC cost-cutting: Net job loss is 2,217 in UK , 550 in India

The axe is expected to fall on nearly 4 percent of the bank's 52000-strong UK workforce in a drive to slash costs.

Customer Experience Bridges The Revenue Growth-Cost Cutting Gap
Biztech

Customer Experience Bridges The Revenue Growth-Cost Cutting Gap

How do you connect strategies calling for revenue growth with plans for continued cost cutting? You connect revenue and cost through the customer experience.

Cost cutting: Nomura lays off several employees in India
Business

Cost cutting: Nomura lays off several employees in India

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.

Cost cutting: Air India to serve only snacks on short-haul flights
Economy

Cost cutting: Air India to serve only snacks on short-haul flights

On flights of less than 90-minute duration, the airline now plans to serve only snacks instead of hot meals served earlier.

Massive Restructuring in Bharti Airtel to Cost 2,000 Jobs
News & Analysis

Massive Restructuring in Bharti Airtel to Cost 2,000 Jobs

Popular Indian mobile service provider is gearing up for a restructuring process on a massive scale, the biggest since 2008 - the period of recession.