Southwest cuts service to and from Atlanta amid cost-cutting demands
Southwest Airlines is cutting flights to and from the world's busiest airport, another sign that the largest U.S. airline is making deep cost-cutting moves in the face of pressure from activist investors. The Dallas-based airline is reportedly drastically cutting flights to and from Atlanta's Hartsfield-Jackson International Airport and cutting 300 pilots and flight attendants serving […]
Cartoon Network website goes dark amid Warner Bros. Discovery cost-cutting moves
Cash-strapped media giant Warner Bros. Discovery has discontinued its Cartoon Network website. The David Zaslav-led company on Wednesday reported a staggering net loss of almost $10 billion due to a $9.1 billion impairment charge caused by the declining value of its cable television networks, and redirected visitors to cartoonnetwork.com to a landing page for Max, […]
Paramount Purges Internet Of All-Time Classic Shows In Apparent Cost-Cutting Move
Paramount cut nearly all the content previously found on Comedy Central, TV Land CMT and MTV websites, in a sweeping cost-slashing move, Wednesday. The sites that formerly housed an abundance of clips and related materials now redirect users to other sites, according to The Hollywood Reporter. This move comes just days after the MTV News […]
Paramount shares drop as top execs unveil $500M cost-cutting plan
Paramount Global shares fell on Tuesday after its chief executives announced a major restructuring plan that included $500 million in annual cost cuts. The company’s future remains uncertain amid talks of a possible merger with Skydance Media. The executives — CBS President and CEO George Cheeks, Showtime/MTV Entertainment Studios President and CEO Chris McCarthy and […]
CVS closing pharmacies in Target in latest cost-cutting move
CVS Health announced Thursday that it will close some pharmacies operating inside Target stores for the first few months of this year. The closure will begin in February and is expected to be completed by the end of April, a company spokesperson said. Prescriptions will be transferred to nearby CVS pharmacies before the store closes, […]
Barclays slashed 5,000 jobs last year in major cost-cutting drive
Barclays announced on Monday that it will cut around 5,000 jobs in 2023 as part of major cost-cutting measures announced last year. The lender said most of the job cuts would be in its support division, Barclays Execution Services, which Reuters reported in November that it was considering cutting thousands of jobs. I checked it […]