All articles tagged with #cost cutting
Disney plans up to 1,000 layoffs, largely in the marketing division, as it enters another cost-cutting phase under CEO Josh D’Amaro. The move follows a 2023 restructuring that cut about 7,000 jobs after Bob Iger’s return, and a January consolidation that placed all marketing under Asad Ayaz.
Meta began another wave of layoffs across Reality Labs, Facebook, recruiting, sales, and global operations as it pushes for efficiency while pouring billions into AI; some workers were affected but the company said it would try to relocate roles where possible, reflecting a broader Big Tech trend of balancing AI investment with headcount reductions.
Epic Games will lay off more than 1,000 employees (about 20% of its workforce) and cut $500 million in costs as Fortnite engagement downturns, starting in 2025. CEO Tim Sweeney said the moves are needed to keep the company funded amid industry headwinds, with prior layoffs in 2023 and a Disney investment in 2024 shaping the context.
Dell reduced its headcount by about 11,000 in the year ending Jan 31, 2026, bringing payroll to roughly 97,000 and marking the third consecutive 10% decline. The company says the cuts are driven by attrition and reorganizations as part of cost management and a broader modernization toward AI, rather than large-scale layoffs.
Meta is weighing large-scale layoffs—potentially up to 20% of its roughly 79,000 employees—to fund a rapid AI push, including data-center expansion and top researchers; cuts could come within a month, following January layoffs in Reality Labs, signaling a broader shift in Big Tech toward leaner teams as AI investments rise.
Amazon is reducing headcount in its robotics division as it ramps up automation across its fulfillment network, signaling broader cost-cutting at the company; the cuts this week reportedly affected a relatively small number of roles.
Papa John's will shutter 300 restaurants by end-2027 as part of a cost-cutting push to boost growth, with 200 closures planned by year-end and the rest by 2027. CFO Ravi Thanawala cited underperforming locations or sites that can transfer sales to nearby outlets. The chain has about 6,000 locations in 50 countries; 2025 revenue was $2.1 billion with shrinking profits, and the stock has fallen roughly 31% over the past year. The company also cut its corporate workforce by 7%, to about 104,000 employees as of March 2025.
The Washington Post faces sweeping layoffs that insiders fear could exceed 10% of the newsroom, likely impacting sports, metro and foreign desks. Foreign correspondents have urged owner Jeff Bezos to protect international reporting in a letter, while management canceled Olympic coverage in Italy as a cost-cutting move. The outlet has a history of buyouts and layoffs, though no official confirmation has been made; experts warn that cutting international coverage would hurt reach and credibility even as the newsroom continues to publish ambitious journalism.
France’s Ubisoft faces intensified worker backlash after a restructuring plan, with the Solidaires Informatique union organizing a strike and planning further action. The union demands an end to cost-cutting, the preservation of remote work, and meaningful pay rises, arguing management has pushed staff under pressure with under-staffing and a push to full-time office work as Ubisoft seeks to boost AAA performance. The atmosphere, according to the union, is deteriorating, with reports of tears and concerns about potential job losses.
Amazon is planning another major layoff round that could affect as many as 14,000 jobs across its corporate and tech units as part of ongoing cost-cutting after rapid growth.
Ericsson plans to reduce up to about 1,600 positions in Sweden as part of global cost-improvement efforts, submitting a notice to the Swedish Public Employment Service and opening negotiations with trade unions to balance savings with ongoing investments in technology leadership and programmable networks.
Ubisoft announced 55 job cuts at Massive Entertainment and Ubisoft Stockholm following a voluntary redundancy program, stating the reductions are not due to performance and that long-term plans remain unchanged, with ongoing development on The Division 3 and other Snowdrop-powered projects as part of broader restructuring and cost-cutting.
GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.
The article lists 29 items that frugal people in 2025 have stopped buying, such as streaming services, processed snacks, manicures, and brand-name products, often replacing them with cheaper or homemade alternatives, leading to significant savings and simpler living.
MTV is shutting down its last dedicated 24-hour music channels worldwide, including in the UK, as part of cost-cutting measures following Paramount Skydance's merger, with plans to possibly revamp MTV into a streaming service or other formats.