Cost-cutting

Nomura has room to cut further $187 mn in costs: CEO Kentaro Okuda

The measures come on top of Nomura's existing plan to cut 62 billion yen ($414 million) of costs in the short- and medium-term, which include optimising information technology

Volkswagen considers closure of historic German plant to cut cost

VW has lost almost a third of its stock market value over the past five years, making it the worst performing stock among the major European carmakers

Economics of Olympics: Why is it so hard for host cities to control costs

Figuring out how to keep host city expenses on budget is vital for the Olympics, which have struggled to find host cities in places where citizens have a say in the decision

TMS Ep509: RIL AGM, DRDO replicates Isro, PVR-Inox stocks, quiet cutting

What does Reliance AGM tell about its succession plan? Can DRDO replicate Isro's success? Time to buy PVR-Inox stock amid strong box-office collections? What is quiet cutting? All answers here

Google announces new cost-cutting measures to focus on key matters: Report

It made this announcement Friday in a memo to staff

Innovative techniques and smaller factories to help cut costs: Tesla

Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan. The changes could bring the cost of a new generation of vehicles to around $25,000. Many investors were hoping to catch a glimpse of the next generation vehicles, but Musk said they wouldn't be shown until a proper product unveiling. We'd be jumping the gun if we answer your question, about the new vehicles, he told an analyst. Shares of Tesla fell nearly 6% in after-hours trading during the presentation that ended just after 8 p.m. Eastern time. Musk announced that Tesla plans to build a new factory in Mexico near Monterrey. Company executives said it will not take production from any other factories, where Tesla expects to expand ...

Pinterest lays off about 150 employees amid cost-cutting measures

Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.

Amazon delays joining date of some graduates amid cost-cutting efforts

Some university graduates were set to join Amazon in May but their joining has been delayed likely as a result of cost-cutting efforts

Air India to send some employees on leave without pay for up to 5 years

The board expects that the move will save around Rs 10 crore per month

Covid-19 impact: Mass lay-offs, cost-cutting among start-ups, says survey

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

Limit expenses or won't sanction them: CBDT to HoDs in cost-cutting drive

Issues letter to heads of department asks to adhere to financial power

World's most expensive bank cuts drinking water cost to trim expenses

Such stringent cost control is just an example of how the lender has managed to pare expenses and boost efficiency, wooing investors along the way

Cost-cutting tips for entrepreneurs

To reduce infrastructure costs, buy online, use cloud-based services for HR and telephony services, and rent office space as and when required