Tag: cost cutting
Volkswagen Management Plans Further Cost Cuts
Volkswagen Chief Executive Oliver Blume reaffirmed on Thursday that Europe’s largest carmaker will continue cutting costs as it works to stay competitive during a...
U.S. Job Market Shaken as October Layoffs Reach 20-Year Record
U.S. Layoffs Surge to 20-Year High in October as Companies Tighten Costs and Embrace AI
U.S. employers announced more than 150,000 job cuts in October,...
Volvo Cars Beats Profit Forecasts, Stock Takes Off
Volvo Cars reported a major earnings surprise on Thursday, beating third-quarter profit forecasts despite ongoing U.S. tariffs and fierce market competition. Aggressive cost-cutting efforts...
