The dividend suspension is the company’s latest move to cut costs as it implements turnaround measures. The initiatives include a plan announced in October to close 1,200 stores over the next ...

Microsoft is planning to halt hiring in part of its consulting business in the U.S. in a bid to cut costs, CNBC reported on Tuesday, citing an internal memo. The tech giant is looking to manage ...

as chief executive Stefan Hartung announced plans for further cost-cutting measures. Hartung told the Frankfurter Allgemeine Zeitung newspaper in comments published on Friday: "There will be ...

The unit will also cut its marketing and non-billable external resource spend by 35%, the report said. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shailesh Kuber) ...

To bolster effectiveness of the cut, there could be additional liquidity infusion measures. “By March-end, even durable liquidity will be in deficit. So, there can be an announcement relating to ...

He went on to say that recruitment will be frozen, "except in the most critical areas," and that travel expenses dramatically cut back. He also said all meetings will be virtual except in ...

No full-time library positions were cut, she added. But, to Gyllenhammer’s point about making cuts without residents noticing service cutbacks, the Community Services Department made sure not to ...

16 (UPI) --Petroleum giant British Petroleum will cut 4,700 jobs this year in a cost-cutting measure, the company announced. That amounts to about 5% of its total workforce. The company made the ...