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Stellantis Adapts to EV Challenge, Follows Tesla's Lead by Cutting Costs Through Global Job Shifts
Benzinga via Yahoo Finance· 14 hours agoStellantis NV (NYSE:STLA) is shifting its engineering recruitment toward lower-cost countries such...
Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
CNBC· 19 hours agoModerna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost...
Not even Tesla interns are safe from Elon Musk's cost-cutting
Quartz· 14 hours agoElon Musk’s drive to slash costs at Tesla is hitting almost every corner of the company, from...
UBS mulls plans to overhaul asset-management arm to cut costs - report (NYSE:UBS)
Seeking Alpha· 13 hours agoUBS Group is considering cost-cutting measures in its asset-management unit, including reducing...
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The Wall Street Journal· 11 hours agoTesla announced a round of layoffs on Monday, joining Alphabet Amazon and UPS among major companies...
Tesla makes another harsh last-minute decision, frustrating students
TheStreet.com· 5 hours agoThe automotive company has made a cost-cutting move that has left students in a tough position. Tesla (TSLA) CEO Elon Musk has just further proved that he is serious about ...
Major cost-cutting initiatives send Herbalife first-quarter profit down 17%
Winston-Salem Journal· 17 hours agoThe continuing cost of separate Herbalife Ltd. restructuring and transformation initiatives took a...
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
ABC 7 Chicago· 3 hours agoPeloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry...
Peloton to cut 400 employees, with even CEO on the way out
The Washington Times· 14 hours agoExercise equipment manufacturer Peloton on Thursday announced it will ax 15% of its workforce, plus...
Tesla abandons 'gigacasting' production process amid cost-cutting measures
CBT News· 13 hours agoAccording to a recent report by Reuters, the Austin-based EV manufacturer Tesla has abandoned its...