Cost-cutting

It made this announcement Friday in a memo to staff

Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during a 3 1/2-hour investor day presentation at Tesla's Austin, Texas, headquarters Wednesday as they presented the company's third master plan. The changes could bring the cost of a new generation of vehicles to around $25,000. Many investors were hoping to catch a glimpse of the next generation vehicles, but Musk said they wouldn't be shown until a proper product unveiling. We'd be jumping the gun if we answer your question, about the new vehicles, he told an analyst. Shares of Tesla fell nearly 6% in after-hours trading during the presentation that ended just after 8 p.m. Eastern time. Musk announced that Tesla plans to build a new factory in Mexico near Monterrey. Company executives said it will not take production from any other factories, where Tesla expects to expand ...

Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.

Some university graduates were set to join Amazon in May but their joining has been delayed likely as a result of cost-cutting efforts

The board expects that the move will save around Rs 10 crore per month

Start-ups are now resorting to mass lay-offs and cost-cutting, as only a small number of them is funded to sustain till end-2020

Issues letter to heads of department asks to adhere to financial power

Such stringent cost control is just an example of how the lender has managed to pare expenses and boost efficiency, wooing investors along the way

To reduce infrastructure costs, buy online, use cloud-based services for HR and telephony services, and rent office space as and when required