cost savings News

ExxonMobil Surpasses Expectations with $81.5B Revenue Amidst Market Challenges

ExxonMobil Corp. reports $81.5 billion revenue in Q2 2025, a 12% year-over-year decrease, yet beats analysts' expectations. CEO Darren Woods highlights record production and cost s...

Burberry Announces Major Global Restructuring: 1,700 Jobs to Be Cut Amid Revenue Decline

Burberry plans to eliminate 1,700 jobs globally, 18% of its workforce, aiming to save £60 million over two years amid revenue decline. The cuts are part of cost-saving measures inc...