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Home Tag cost-cutting

Tag: cost-cutting

Nike promised 'bold' storytelling at the upcoming Olympics in Paris, but shares tumbled on the company's lowered outlook. ©AFP

Nike shares tumble on tepid outlook as CEO eyes Olympics marketing win

New York (AFP) - Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's ...

FedEx plans to cut up to 2,000 jobs in Europe in response to tepid demand. ©AFP

FedEx to cut up to 2,000 jobs in Europe

New York (AFP) - FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in ...

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