Tag Archives: costcutting

In one post, Amazon highlighted Blue Jay, a robot it calls “an extra set of hands that helps employees with tasks that involve reaching and lifting,” and its agentic AI system Project Eluna, which “acts like an extra teammate, helping reduce that cognitive load” while optimizing sorting to reduce bottlenecks. Blue Jay can move 75 percent of the types of …

Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestlé, which makes Nescafé, KitKats, pet foods and many other well-known consumer brands, said Thursday that the job cuts will take place over the next two years. The Swiss company also said that it is raising targeted …

Nestlé to Slash 16,000 Jobs in Cost-Cutting Push  The New York Times Nestlé Plan to Slash 16,000 Jobs Sparks Share Jump  The Wall Street Journal Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs  CNBC Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’  Reuters Nestlé, world’s largest food company, to cut 16,000 jobs worldwide due partly to …

Hundreds of federal employees in the United States who lost their jobs in Elon Musk’s cost-cutting blitz are being asked to return to work. The General Services Administration (GSA) has given the employees, who managed government workspaces, until the end of the week to accept or decline reinstatement, according to an internal memo obtained by The Associated Press news agency. …

By Abhinav Parmar and Lisa Baertlein (Reuters) – FedEx reported quarterly profit and revenue above Wall Street estimates, as cost-cutting and strength in domestic deliveries helped offset weaker international volumes after the U.S. ended tariff exemptions on low-value, direct-to-consumer shipments. Shares of Memphis-based FedEx climbed 5.5% in extended trading on Thursday after surprising Wall Street. Analysts had expected profit per …

President Trump has got plenty of ideas about how he’ll address national debt: He’ll pay it down through tariffs, or offset some of the borrowing thanks to proceeds from his “golden visa” program. He’s also said he’ll rebalance the debt-to-GDP ratio by growing the economy, and would reduce the need for as much borrowing thanks to initiatives like the Department …

Merck joins Big Pharma cost-cutting crowd, revealing plan to save $3B annually by 2027  Fierce Pharma Merck plans $3 billion cost cuts by end of 2027, narrows full-year outlook  CNBC Merck Stock Falls After Layoff Announcement, Gardasil Sales Drop  Investor’s Business Daily Merck to Lay Off Workers and Narrows Guidance as Earnings Fall – WSJ  The Wall Street Journal Our Q2 2025 financial results  Merck.com …

Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. Sarepta Therapeutics laid off more than one-third of its workforce, …