Cutting

Credit Suisse looking at cutting around 5,000 jobs -source

Credit Suisse looking at cutting around 5,000 jobs -source

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland’s second-biggest …

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An iPhone 14 satellite link could depend on Apple cutting a deal with wireless carriers

An iPhone 14 satellite link could depend on Apple cutting a deal with wireless carriers

As Apple’s iPhone 14 event gets closer, rumors continue to swirl around the phone’s potential ability to provide emergency communications via a satellite network. On Monday, noted analyst Ming-Chi Kuo said that Apple had “completed hardware tests for this feature” with the iPhone 14, but it would have to negotiate a business model with carriers …

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Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian …

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Beyond Meat sinks on Q2 earnings miss, cutting 4% of global workforce

Beyond Meat sinks on Q2 earnings miss, cutting 4% of global workforce

Editor’s Note: This post is breaking and will be updated Beyond Meat (BYND) reported fiscal second quarter results that missed estimates as the company battles operational headwinds and weak margins. Beyond Meat’s stock dropped in after-hours trading with shares down as much as 6%. Here are Beyond Meat’s second quarter results compared to Wall Street’s …

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PayPal's sudden $900 million cost cutting creates a huge new challenge

PayPal’s sudden $900 million cost cutting creates a huge new challenge

PayPal has only known a growth, growth, growth mindset under long-time CEO Dan Schulman. That mindset officially ended as of August 2 as PayPal switches tactics to appease activist investor Elliott Management, which has disclosed a $2 billion stake in the payments giant. Late Tuesday, the company outlined $900 million in cost cuts — mostly …

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Smart sleep masks claim to help us sleep by enlisting the support of other senses 60 per cent of people reported an increase in sleep problems post pandemic. The Musicozy mask plays tunes through speakers hidden in soft fleece

They sing you lullabies, give heat massages and use cutting edge Nasa technology

Many of us wear an eye mask to block out light when we sleep, but what if your mask could also sing lullabies, give massages and harnessed the latest NASA technology?  Enter the new wave of high-tech eye tech which promises to do just that. These ‘smart’ masks claim to help us nod off by …

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Is Upstart Stock a Buy After Cutting Guidance Amid Rising Rates? | The Motley Fool

It’s usually best to get ahead of bad news. That seems to be the approach the artificial-intelligence lender Upstart (UPST -20.07%) is taking after announcing some preliminary second-quarter earnings numbers ahead of schedule and telling investors to brace for results that will be well below expectations. Shares of Upstart are down more than 17% in …

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used car sales

Chip shortage keeps driving up auto prices, cutting sales

DETROIT — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. The low …

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Reports: Meta Cancels 2024 AR Glasses Amid Cost Cutting

Reports: Meta Cancels 2024 AR Glasses Amid Cost Cutting

Meta no longer plans release the AR glasses slated for 2024 to consumers, The Information and The Verge report. At the Connect 2021 conference in October Meta announced Project Nazare, “our first full augmented reality glasses”. The company didn’t show a prototype or even real footage, instead showing a brief “simulated” concept clip. “We still …

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