In a surprising turn, UPS reports third-quarter earnings that exceed Wall Street expectations, despite announcing 48,000 job cuts as part of its turnaround strategy. Shares surged over 7% in response.
In a drastic move following the Paramount-Skydance merger, Paramount is set to lay off 1,000 employees, with many more cuts expected in the coming weeks. This decision is part of a broader strategy to achieve $2 billion in cost savings.
As summer temperatures soar, cooling tech is essential for real estate. Runwise's innovative platform combines weather algorithms and sensors to enhance building efficiency and save costs.
Elon Musk bids farewell to the White House after a controversial tenure leading the Doge initiative, aimed at cutting government costs, while Donald Trump praises his 'colossal change'. Despite challenges, Musk vows to continue influencing government efficiency.
Discover why nearly 40% of the federal contracts canceled by Trump's administration may not actually save any money, raising concerns about government efficiency and cost-cutting measures.
Discover the truth behind the Trump administration's contract cancellations and why they may not actually save money. Find out the impact on government efficiency and spending.
Southwest Airlines to cut 1,750 jobs in a significant cost-saving decision affecting corporate staff. CEO Bob Jordan anticipates substantial savings while acknowledging the difficult impact on employees.
HSBC is making strategic shifts in its business operations, focusing on Asian markets while restructuring globally. Amid pressure to enhance profitability and navigate geopolitical challenges, the bank aims to streamline operations and boost returns.
