Cost cutting Financial News

24.01 / 08:59

companies Abrdn Asset Managers abrdn launches 'transformative' £150m cost cutting programme with 2025 deadline

Stephen Bird (pictured), abrdn CEO announced the firm would be embarking on a “transformation programme”, targeting a £150m reduction by 2025.

12.01 / 15:03

COST Action economy wellness performer reports Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting

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12.12 / 00:59

Provident CEO Racing economy Enterprise NVIDIA folk cost cutting generative AI AWS chief Adam Selipsky talks generative AI, Amazon's investment in Anthropic and cloud cost cutting

Adam Selipsky is shepherding Amazon’s cloud unit at one of the most important moments in tech history

16.10 / 20:11

COST CEO Sky News reports 500 rolls-royce Rolls-Royce to cut 2,500 jobs in cost cutting drive -Sky News

(Reuters) -Rolls-Royce Holdings is set to axe about 2,500 staff as soon as Tuesday as part of a cost-cutting drive by its new chief executive, Sky News reported on Monday.

08.08 / 14:07

COST Digital Platform Mobile MPL lays off 350 employees, attributes cost cutting to increase in GST burden

Mobile Premier League (MPL) will lay off 350 staffers with an aim to control its costs that are expected to rise as a result of the increase in burden from goods and services tax (GST). In an email sent to the company’s employees on August 8, MPL cofounder and chief executive Sai Srinivas wrote, “Last week, it was confirmed that a 28% GST will be levied on the full deposit value rather than on gross gaming revenue (GGR). The new rules will increase our tax burden by as much as 350-400%.

14.03 / 03:35

COST UPS cost cutting copper Philip Hammond’s crypto firm Copper ‘quietly’ slashed jobs in winter cost cutting drive

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