#cost-cutting

#cost-cutting

About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1. "As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this decision on affected Team Members, and we are committed to treating them with care and respect during this process," it added.

iBuying was never out of vogue, Rabois said, addressing comments about Redfin's and Zillow's exits from the space. It was out of vogue because Redfin and Zillow didn't know how to do it. We were always successful. We minted free cash flow every year I was involved in the company. However, it's very complicated and very difficult to do iBuying well, but the value proposition of certainty, transactional speed is incredibly compelling to Americans.

In March, 49ers general manager John Lynch was defiant. Sure, his front office had followed ownership's mandate to cut costs, jettisoning veteran (aka, expensive) depth and replacing it with no one in particular (cheap) during free agency, but as Lynch told this news organization: We've got this thing called the draft. That's how the Niners would backfill their roster: kids.

OpenAI's new model, GPT-5, consists of two distinct models: a lightweight LLM for quick responses and a heavier model for complex tasks. This change aims to optimize resource use.

The closure comes amid broader layoffs within Amazon Web Services, reflecting escalating geopolitical friction between the United States and China.

Gannett is executing $100 million in cost cuts, including closing print facilities and automating processes, to improve operational efficiency and adapt to revenue declines.

The discount carrier is unlikely to break even this year, prompting new cost-cutting measures amid decreased travel demand and ongoing reliance on borrowed cash.

TikTok is taking new steps to squeeze out a return, including layoffs and stricter rules, as its US e-commerce business faces significant challenges.

The layoffs will streamline operations, centralizing key functions and reducing costs, as part of an effort to improve profitability and efficiency at Match Group.

The decline in META stock highlights the challenges facing the company as it navigates slowing advertising revenue, regulatory pressures, and rising operational costs.

UPS plans to cut 20,000 jobs in 2025 as part of a major restructuring to reduce costs and improve efficiency, amid soft market demand.

HUD Secretary Scott Turner has described the current building as 'the ugliest building in D.C.' and emphasized a focus on creating a workplace that embodies efficiency and accountability.