The Big Four accountancy firms are cutting costs and jobs in response to a
Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month. Dell expects net revenue in its client...
Deloitte has launched the largest restructuring of its global operations in ten years, according to a Financial Times report. The Big Four firm aims to save expenses and simplify the organisation in the face of an anticipated slowdown in the market, the report added.As part of the plan, Deloitte’s main business units will be cut to four—audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal—from the five the firm has had since 2014, the FT report...
Deloitte has launched the biggest overhaul of its global operations in a
TORONTO — To continue keeping costs down for families and businesses, the
Dell has confirmed reducing its workforce to cut costs Apart from reducing the workforce Dell also revealed in a filing that it had limited external hiring As per Reuters report Dell had nearly 120000 employees as of February 2 2024 which is down from the total 126000 employees it had earlierIn its filing Dell has said that it is cutting jobs because not many people have been buying its computers for almost two years This lack of demand has led to a decrease of 11 per cent in the money the...
Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy. Shares of the Grapevine, Texas-based company tumbled 16% in extended trade. An increasing mix of digital downloads is hurting physical retail, and there is simply no reason to go to the store if a consumer can just order a game and download it immediately, ...
FedEx shares soared on Friday after the package delivery company late Thursday reported profit that exceeded analysts' expectations, as cost cutting efforts offset a decline in revenue.
Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. “The auto industry is now being forced to reshape its values so we can
(Reuters) -FedEx tightened its fiscal 2024 profit forecast on Thursday, raising the bottom end and lowering the top, as share buybacks and cost cuts offset a decline in demand from its largest customer, the U.S. Postal Service (USPS). Shares of the second-largest parcel delivery firm jumped 12% in after-hours trading. Adjusted profit for the quarter ended Feb. 29 rose to $966 million, or $3.86 per share, from $865 million or $3.41 per share a year earlier.
JetBlue is under increased pressure to reduce expenses and return to profitability.
Deloitte has embarked on its most extensive revamp of global operations in