cost cutting

Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

Disney Mulls Layoffs, Citing A Need To Eliminate 'Redundancies'

By Ronald Grover Walt Disney Co, which reported record earnings in November, started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters. Disney, whose empire spans TV, film, merchandise and theme... Read More »

Electrolux Plans Layoffs, Cost Cuts Of $770 Million

Electrolux Plans Layoffs, Cost Cuts Of $770 Million

By Malin Rising STOCKHOLM (AP) -- Swedish appliance maker Electrolux AB plans to cut costs by around 5.1 billion kronor ($770 million) a year and review staffing levels in all regions because of a broad downturn in demand. Electrolux said Tuesday it has been "tangibly affected" by a decline in consumer... Read More »

Big Business Doesn't Plan to Help Reduce Unemployment Any Time Soon

Big Business Doesn't Plan to Help Reduce Unemployment Any Time Soon

While the CFOs of some of the largest companies in the United States are markedly moving away from cost and job cutting and focusing more on revenue growth, they remain wary of increased hiring, according to the results of a recent Deloitte survey. Read More »

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