Cuts
Alibaba unveils big cloud price cuts as AI rivalry deepens
ALIBABA Group Holding is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals such as Tencent Holdings competing to...
Universal Music Group targets 250 million euros in savings by 2026, flags job cuts
UNIVERSAL Music Group (UMG) will cut jobs and streamline operations to save 250 million euros (S$365 million) by 2026, the company said on Wednesday (Feb 28), a month after...
Oil gains on potential Opec+ cuts, curbed by jump in US crude stocks
OIL prices rose marginally on Wednesday as the prospect of delays to US interest rate cuts and a higher-than expected rise in US crude stocks offset support from a potential...
Beyond Meat tops revenue estimates, plans ‘steep’ cost cuts in 2024; shares soar
BEYOND Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the United States, and said it would...
Oil rises more than US$1/barrel as Opec+ mulls extending output cuts
OIL prices rose more than US$1 a barrel on Tuesday as sources said Opec+ is considering extending voluntary oil output cuts into the second quarter to provide additional support. Brent crude futures...
Here’s Why Most CEOs Don’t Take Pay Cuts to Avoid Layoffs | Entrepreneur
On Tuesday, Sony announced layoffs that will impact 900 jobs in its PlayStation division, or about 8% of the unit's staff worldwide. The move follows other video game layoffs...
Sony cuts 900 jobs in gaming, shuts down London division
SONY Group will lay off 900 people across its video-game division worldwide, or about 8 per cent of its employees, and close a group in London. “After careful consideration...
Interest-rate cuts expected to send money into private assets
CUTS in interest rates should push investors out of the comfort of money-market funds and government bonds and into riskier products, including private assets, market watchers said.Even as central...
