#financial-losses

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#cost-cutting
Manchester United
fromwww.standard.co.uk
2 months ago

Manchester United 'to replace hot lunches with fruit' as cuts under Sir Jim Ratcliffe continue

Manchester United is undergoing significant cost-cutting measures under Sir Jim Ratcliffe due to ongoing financial losses.
fromInsideEVs
2 days ago
European startups

Volvo Goes Into Cost-Cutting Mode

Volvo is facing severe financial challenges prompting a significant cost-cutting initiative.
Manchester United
fromwww.standard.co.uk
2 months ago

Manchester United 'to replace hot lunches with fruit' as cuts under Sir Jim Ratcliffe continue

Manchester United is undergoing significant cost-cutting measures under Sir Jim Ratcliffe due to ongoing financial losses.
fromInsideEVs
2 days ago
European startups

Volvo Goes Into Cost-Cutting Mode

Volvo is facing severe financial challenges prompting a significant cost-cutting initiative.
more#cost-cutting
#usps
US Elections
fromtime.com
2 months ago

Trump Says He May Take Control of the U.S. Postal Service. Here's What to Know

Trump may move USPS to Commerce Department control to improve efficiency and reduce losses.
The USPS has lost significant money amid declining mail volumes and demands for privatization.
US politics
fromNew York Post
1 month ago

Time to privatize the US Postal Service, the leak double standard and other commentary

USPS incurred major financial losses, prompting discussions on potential privatization as a solution.
Traditional mail usage is drastically declining, indicating the need for modernization and disruption in postal services.
US Elections
fromtime.com
2 months ago

Trump Says He May Take Control of the U.S. Postal Service. Here's What to Know

Trump may move USPS to Commerce Department control to improve efficiency and reduce losses.
The USPS has lost significant money amid declining mail volumes and demands for privatization.
US politics
fromNew York Post
1 month ago

Time to privatize the US Postal Service, the leak double standard and other commentary

USPS incurred major financial losses, prompting discussions on potential privatization as a solution.
Traditional mail usage is drastically declining, indicating the need for modernization and disruption in postal services.
more#usps
Apple
fromEntrepreneur
1 month ago

Apple Is Losing $1 Billion a Year on Apple TV+ Streaming | Entrepreneur

Apple TV+ has incurred over $1 billion in losses annually despite a subscriber base of 45 million.
#walgreens
NYC startup
fromwww.nytimes.com
1 month ago

Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

Walgreens Boots Alliance will be acquired by Sycamore Partners in a $10 billion deal to escape public market pressures.
fromwww.bostonherald.com
6 months ago
Business

Walgreens to close 1,200 US stores as chain attempts to steady operations at home

Walgreens plans to close 1,200 stores to recover from significant losses and focus on improving its business model.
fromMedCity News
4 months ago
Business

Why Walgreens Is Reportedly Considering a Private Equity Buyer - MedCity News

Walgreens is reportedly exploring a sale due to massive financial losses and declining stock value.
Experts suggest selling to private equity might be a strategic move for Walgreens' future.
fromsfist.com
6 months ago
Miscellaneous

Walgreens Closing 1,200 More Stores Nationwide, So This Is Not Just a San Francisco Thing

Walgreens is closing 1,200 stores due to overexpansion and admitting mismanagement of shoplifting issues and store security.
The company is experiencing financial troubles and looking to course correct with store closures.
NYC startup
fromwww.nytimes.com
1 month ago

Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

Walgreens Boots Alliance will be acquired by Sycamore Partners in a $10 billion deal to escape public market pressures.
fromwww.bostonherald.com
6 months ago
Business

Walgreens to close 1,200 US stores as chain attempts to steady operations at home

Walgreens plans to close 1,200 stores to recover from significant losses and focus on improving its business model.
fromMedCity News
4 months ago
Business

Why Walgreens Is Reportedly Considering a Private Equity Buyer - MedCity News

Walgreens is reportedly exploring a sale due to massive financial losses and declining stock value.
Experts suggest selling to private equity might be a strategic move for Walgreens' future.
fromsfist.com
6 months ago
Miscellaneous

Walgreens Closing 1,200 More Stores Nationwide, So This Is Not Just a San Francisco Thing

Walgreens is closing 1,200 stores due to overexpansion and admitting mismanagement of shoplifting issues and store security.
The company is experiencing financial troubles and looking to course correct with store closures.
more#walgreens
#layoffs
fromBoston Condos For Sale Ford Realty
1 month ago
Boston real estate

Redfin In The Red As Losses Added Up Last Year Boston Condos For Sale Ford Realty

Redfin faced significant losses in 2024 despite increased revenue, prompting layoffs, though CEO remains optimistic.
fromLos Angeles Times
2 months ago
Los Angeles

Sonos lays off 200 employees amid ongoing troubles

Sonos is laying off 200 employees, about 12% of its workforce, to restructure after mismanagement and financial losses.
fromSFGATE
5 months ago
Miscellaneous

SF tech company once worth $18B lays off 300 workers as losses mount

Opendoor is laying off 300 workers, 17% of its staff, aiming for organizational efficiency amid ongoing losses and challenging real estate market conditions.
fromLos Angeles Times
2 months ago
Los Angeles

Sonos lays off 200 employees amid ongoing troubles

Sonos is laying off 200 employees, about 12% of its workforce, to restructure after mismanagement and financial losses.
fromSFGATE
5 months ago
Miscellaneous

SF tech company once worth $18B lays off 300 workers as losses mount

Opendoor is laying off 300 workers, 17% of its staff, aiming for organizational efficiency amid ongoing losses and challenging real estate market conditions.
more#layoffs
#job-cuts
fromLondon Business News | Londonlovesbusiness.com
2 months ago
London startup

Aston Martin cuts its workforce over 'difficult but necessary' cost cutting - London Business News | Londonlovesbusiness.com

Aston Martin has cut 5% of its workforce amid widening losses, planning to save £25 million through job reductions.
fromwww.nytimes.com
7 months ago
Digital life

GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back

GE Vernova is downsizing its offshore wind sector due to financial and operational troubles, impacting jobs and the broader wind energy market.
fromwww.nytimes.com
7 months ago
Digital life

GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back

GE Vernova is downsizing its offshore wind sector due to financial and operational troubles, impacting jobs and the broader wind energy market.
more#job-cuts
Podcast
fromBusiness Insider
2 months ago

MrBeast said making his Amazon show 'Beast Games' was 'not a good' financial move: 'I lost tens of millions of dollars'

MrBeast stated that producing "Beast Games" resulted in significant financial losses, totaling tens of millions of dollars.
fromtime.com
2 months ago
Tech industry

Trump Media Says It Lost More Than $400 Million Last Year

Truth Social parent company reported significant financial losses and lacks critical user engagement metrics.
The losses are attributed to revenue-sharing agreements and a decline in overall revenue.
#boeing
Business
fromFast Company
6 months ago

17,000 jobs will be cut at Boeing as monthslong strike continues

Boeing will cut 17,000 jobs, delay 777X deliveries, and register $5 billion losses due to ongoing strike and financial pressures.
fromwww.dw.com
6 months ago
Business

Boeing says it may raise $25 billion as Seattle strike bites DW 10/16/2024

Boeing aims to raise $25 billion to stabilize finances amid sustained losses and ongoing worker strikes.
fromTheregister
2 months ago
Science

More than half a billion dollars burned by Starliner in 2024

Boeing's CST-100 Starliner project has surpassed $2 billion in total losses due to increased costs and schedule delays.
fromArs Technica
6 months ago
Science

Boeing is still bleeding money on the Starliner commercial crew program

Boeing's CEO failed to address significant financial losses tied to the Starliner program during a critical investor call.
Business
fromFast Company
6 months ago

17,000 jobs will be cut at Boeing as monthslong strike continues

Boeing will cut 17,000 jobs, delay 777X deliveries, and register $5 billion losses due to ongoing strike and financial pressures.
fromwww.dw.com
6 months ago
Business

Boeing says it may raise $25 billion as Seattle strike bites DW 10/16/2024

Boeing aims to raise $25 billion to stabilize finances amid sustained losses and ongoing worker strikes.
fromTheregister
2 months ago
Science

More than half a billion dollars burned by Starliner in 2024

Boeing's CST-100 Starliner project has surpassed $2 billion in total losses due to increased costs and schedule delays.
fromArs Technica
6 months ago
Science

Boeing is still bleeding money on the Starliner commercial crew program

Boeing's CEO failed to address significant financial losses tied to the Starliner program during a critical investor call.
more#boeing
#intel
Tech industry
fromThe Verge
7 months ago

Intel's big turnaround plan includes spinning off its chipmaking business

Intel is restructuring by spinning off its chip-making business to improve efficiency and recover from significant losses.
The Intel Foundry will become an independent subsidiary to clarify its operations and financial reporting.
fromTheregister
2 months ago
Miscellaneous

Intel gets EU bonus after old antitrust fine nixed

Intel receives €515 million in interest from the EU after a court reversal of a prior antitrust fine, offering a brief respite amid ongoing losses.
Tech industry
fromThe Verge
7 months ago

Intel's big turnaround plan includes spinning off its chipmaking business

Intel is restructuring by spinning off its chip-making business to improve efficiency and recover from significant losses.
The Intel Foundry will become an independent subsidiary to clarify its operations and financial reporting.
fromTheregister
2 months ago
Miscellaneous

Intel gets EU bonus after old antitrust fine nixed

Intel receives €515 million in interest from the EU after a court reversal of a prior antitrust fine, offering a brief respite amid ongoing losses.
more#intel
#canada-post
fromwww.nytimes.com
11 months ago
Canada news

After Billions of Dollars in Losses, Canada Post Warns It May Run Out of Cash

Canada Post is facing unsustainable financial losses, risking its future as a vital national infrastructure.
fromwww.cbc.ca
3 months ago
Canada news

Canada Post is hiking its postage prices today. What does that mean for its future? | CBC News

Canada Post's price hike on stamps is aimed at offsetting financial losses but may not significantly improve its dire economic situation.
fromwww.nytimes.com
11 months ago
Canada news

After Billions of Dollars in Losses, Canada Post Warns It May Run Out of Cash

Canada Post is facing unsustainable financial losses, risking its future as a vital national infrastructure.
fromwww.cbc.ca
3 months ago
Canada news

Canada Post is hiking its postage prices today. What does that mean for its future? | CBC News

Canada Post's price hike on stamps is aimed at offsetting financial losses but may not significantly improve its dire economic situation.
more#canada-post
fromTechCrunch
3 months ago
Miscellaneous

OpenAI is losing money on its pricey ChatGPT Pro plan, CEO Sam Altman says | TechCrunch

OpenAI is currently losing money on ChatGPT Pro due to high user demand, prompting considerations for price adjustments.
Miscellaneous
fromBusiness Insider
4 months ago

A 67-year-old woman now lives in her car after losing thousands to a romance scammer pretending to be Keanu Reeves

Older Americans are disproportionately affected by romance scams, suffering significant financial losses.
Scammers often impersonate trusted figures, like celebrities, to gain victims' trust.
#electric-vehicles
from24/7 Wall St.
6 months ago
Miscellaneous

Lucid Shares Plunge on Stock Sale

Lucid Group's significant stock drop signals financial distress, amplified by projected high losses and slow EV sales growth, questioning its long-term viability.
fromSFGATE
4 months ago
Cars

Major car rental company at SFO pulling plug on Tesla fleet

Hertz's initial investment in Tesla has become detrimental due to inadequate charging infrastructure and significant financial losses.
from24/7 Wall St.
6 months ago
Miscellaneous

Lucid Shares Plunge on Stock Sale

Lucid Group's significant stock drop signals financial distress, amplified by projected high losses and slow EV sales growth, questioning its long-term viability.
fromSFGATE
4 months ago
Cars

Major car rental company at SFO pulling plug on Tesla fleet

Hertz's initial investment in Tesla has become detrimental due to inadequate charging infrastructure and significant financial losses.
more#electric-vehicles
fromBusiness Matters
5 months ago
Business

Royal Mail warns of 120 million cost increase due to National Insurance rise

Royal Mail is facing financial strain due to increased tax costs which affect its large workforce significantly.
fromComputerWeekly.com
6 months ago
Miscellaneous

ERP horror stories and how to get back on track | Computer Weekly

Many ERP implementations fail to achieve their goals, leading to inefficiencies and financial losses.
Proper assessment and readiness are crucial to successful ERP implementations. Collaboration with tech partners must emphasize transparency.
fromianVisits
6 months ago
Miscellaneous

View from The Shard visitor numbers decline amid competition from free viewing galleries

The View from the Shard struggles to maintain visitor numbers and profitability with the rising trend of free viewing options in London.
fromAbove the Law
6 months ago
Law

The Devin Nunes Defamation Juggernaut Runs Aground

Nunes faced losses while litigating against multiple media outlets, signifying a shift from public service to legal battles.
fromCyberScoop
8 months ago
Information security

Shareholder-tracking company Equiniti shells out $850K to SEC over breaches

Equiniti settled with the SEC for $850,000 after client fund losses of $6.6 million due to cyber breaches in 2022 and 2023.
fromTheregister
8 months ago
Privacy professionals

Birmingham council faces 216.5M loss over Oracle debacle

Birmingham City Council's Oracle implementation disaster will cost £216.5 million by April 2026, far exceeding initial estimates and leading to substantial financial losses.
fromThe Verge
11 months ago
Wearables

Meta and LG's headset partnership is on the rocks

LG pausing partnership with Meta on XR device development.
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