FalconX laid off 10% of employees and abandoned its Singapore license bid, highlighting persistent pain in the digital-asset sector and the operational…
Microsoft's in-house AI cost-cutting strategy displaces OpenAI and Claude, potentially boosting margins and stock sentiment.
Nissan reduces production costs on Mexico-made cars to counter the impact of a 25% US tariff, adjusting its supply chain and pricing…
BitGo cut 15% of its staff in a one-time cost-optimization move, with CEO Mike Belshe emphasizing no further layoffs are planned, signaling…
FedEx earnings topped consensus estimates in Q4, and the company raised its FY2026 profit outlook on cost discipline and express volume recovery,…
Mercedes-Benz (MBG.DE) plans to relax employee job protections in Germany as the luxury automaker faces declining demand, rising costs, and growing trade…
Robinhood cuts roughly 10% of its workforce as CEO Tenev touts business strength, while weak Q1 trading activity underscores the challenges facing…
Microsoft is set to close several Xbox game studios as part of a cost-cutting restructuring, people familiar with the matter told Bloomberg,…
CapitaLand layoffs underscore deepening China property downturn, with the Singapore developer cutting 10% of its China workforce amid persistent housing market weakness.
Coinbase is cutting 14% of its workforce as artificial intelligence begins to automate key functions, while crypto market turbulence adds pressure on…
Goldman Sachs president dubs the bank a 'human assembly line' facing automation, emphasizing cost-cutting and tech transformation in finance.