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Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021......»»

Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday......»»

European banks need to slash costs to improve profitability. Accelerating job cuts is a good way to do it......»»

Deutsche Bank (DB) aims to improve profitability by undertaking cost cuts due to muted performance of its investment bank.....»»

Deutsche Bank will cut global staff numbers by more than 7,000 in the first major move by its new CEO to reduce costs and restore profitability after years of false starts. Ciara Lee reports......»»

LONDON (Reuters) - Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to cut costs and make Britain's best known engineering company more profitable and dynamic......»»

Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by b.....»»

Houston-based Luby's Inc. (NYSE: LUB) is moving forward on its previously announced plan to sell several company-owned locations amid efforts to reduce debt and improve profitability. On Sept. 14, the restaurant company announced it has completed th.....»»

Macy's Inc, the largest U.S. department store chain, said on Tuesday it would cut 100 senior management positions to reduce costs and improve profitability, and reported holiday same-store sales growth short of Wall Street's expectations......»»

Nike plans to cut 740 jobs at its Oregon headquarters amid revenue decline predictions, following a larger cost-saving initiative. read more.....»»

Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff. Elon Musk informed Tesla employees that the company would be making cuts overni.....»»

Amazon's robotics director debunks job loss myth, citing 1,000+ new technologies and 50,000 jobs created. Stock up 92% in 12 months. Invest in XLY or VCR. read more.....»»

McConnell said .....»»

A Theodore company is expanding its facility and adding jobs. Chart Industries, the new owner of Worthington Industries, is investing $2.5 million to improve its existing facility, construct a new building and purchase needed equipment. The move wi.....»»

With the dual Senate seat wins in Georgia in the January run-off elections, the promise of more changes to the international tax landscape seems even greater than in 2020. The 2017 tax reform law commonly known as the Tax Cuts and Jobs Act (TCJA).....»»

The city of Cullman has received a $350,000 grant that will help a manufacturer add 125 new jobs. Cullman will use the Community Development Block Grant to provide road improvements and improve traffic safety to a main thoroughfare to REHAU Inc.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Major U.S. stock-market benchmarks climb Thursday.....»»

Black and Latino manufacturing workers were more likely to lose their jobs than Whites — and it took them longer to find new work. Those who did find work also experienced bigger pay cuts than White workers......»»

General Motors Co's self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to cut jobs during the coronavirus pandemic......»»