Apple is reportedly cutting costs, though not making deep cuts and layoffs like its peers. The tech giant is delaying some bonuses, limiting hiring and reducing travel, Bloomberg reported Tuesday (March 14), citing unnamed sources. Apple did not immediately reply to PYMNTS’ request for comment....
PayPal is laying off 2,000 employees as part of a transformation that includes cost-cutting. The reductions will amount to 7% of the firm’s global workforce and will occur over the coming weeks, PayPal President and CEO Dan Schulman said in a Tuesday (Jan. 31) message...
As inflation bites, European consumers are turning to cost-cutting tools and techniques this holiday season. In fact in the U.K., a poll by Accenture found that 70% of all adults are planning to cut back on festive spending this year, while about 49% said they...
FedEx CEO and President Raj Subramaniam is stepping up cost reductions as package volume drops. “The declining demand trends we saw at the end of Q1 softened further in the second quarter, and we are moving faster and with more determination than ever to accelerate...
March 14, 2023
Apple is reportedly cutting costs, though not making deep cuts and layoffs like its peers. The tech giant is delaying some bonuses, limiting hiring and reducing travel, Bloomberg reported Tuesday (March 14), citing unnamed sources. Apple did not immediately reply to PYMNTS’ request for comment. Divisions at the company that used to receive bonuses twice […]
January 31, 2023
PayPal is laying off 2,000 employees as part of a transformation that includes cost-cutting. The reductions will amount to 7% of the firm’s global workforce and will occur over the...
December 20, 2022
FedEx CEO and President Raj Subramaniam is stepping up cost reductions as package volume drops. “The declining demand trends we saw at the end of Q1 softened further in the...
December 15, 2022
Singapore’s Grab Holdings wants to cut costs for its ridesharing app/food delivery service. A report Thursday (Dec. 15) by Reuters outlines the cost-cutting measures, which come amid ongoing struggles for...
