Tag: cuts

Dell reduces workforce as part of broader cost cuts, limits external hiring | Company News

Last year, Dell slashed 6,650 jobs, when it braced for a potential recession and demand for personal computers dwindled | Photo: Bloomberg Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of… Continue reading Dell reduces workforce as part of broader cost cuts, limits external hiring | Company News

BYD takes on EV laggards Toyota, VW with aggressive China price cuts | World News

A BYD Seagull | Photo : Bloomberg By Danny Lee and Jinshan Hong Not content with unseating Tesla Inc. as the world’s top-selling electric car maker, BYD Co. has now set its sights on stealing customers from the likes of Toyota Motor Corp. and Volkswagen AG in one of the most aggressive rounds of… Continue reading BYD takes on EV laggards Toyota, VW with aggressive China price cuts | World News

Warner Bros Discovery reports smaller quarterly loss on cost cuts

Warner Bros Discovery posted a smaller loss for the second quarter on Thursday as the media conglomerate benefited from cost cuts, sending its shares nearly 4 per cent higher in premarket trading. Media companies have been looking to strike the right balance between spending on content and boosting profitability. Under Chief Executive… Continue reading Warner Bros Discovery reports smaller quarterly loss on cost cuts

Yankees’ Jake Bauers cuts lip after slamming helmet in frustration

It has been a tough week for the New York Yankees, but on Wednesday, the team was able to stop its skid, for the time being, with a 7-2 victory over the Tampa Bay Rays. Yankees outfielder Jake Bauers, however, got a little bit more than he bargained for. CLICK HERE FOR MORE SPORTS COVERAGE… Continue reading Yankees’ Jake Bauers cuts lip after slamming helmet in frustration

Morgan Stanley cuts rating on China stocks, asks investors to take profits

By Jacob Gu and John Cheng   Morgan Stanley cut its rating on Chinese stocks to equal weight Wednesday, saying investors should capitalize on a rally spurred by government stimulus pledges to take profits.   Chinese assets have gotten a boost in recent days amid a slew of promises from Beijing to… Continue reading Morgan Stanley cuts rating on China stocks, asks investors to take profits