Tag: Costcutting measures
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SenseTime Struggles to Stem Losses, Faces Layoffs Again
SenseTime Group Inc. faces layoffs and financial challenges as it grapples with losses. Despite setbacks, the Chinese AI developer remains committed to advancing technologies and regaining stability.
Appen’s Revenue Plummets as Top Customers Slash AI Spending
Appen faces revenue decline as top customers cut back on AI spending. CEO implements turnaround plan. Stay updated on AI industry changes.
Venture Capital Layoffs Surge Amidst Grim Startup Environment
Discover the impact of venture capital layoffs in the struggling startup industry. Find out how even prestigious firms like Sequoia Capital are affected.
Qantas Achieves Record Profits Despite Falling Shares and AI Stocks Propelling Wall Street Performance
Qantas, Australia's leading airline, is set to make a record-breaking profit of up to $2.5 billion due to its successful cost-cutting strategies, but the Transport Workers Union has demanded it pay back the $2.7 billion in government COVID-19 assistance. Current CEO Alan Joyce has overseen numerous strategic changes to ensure the company's financial stability, including taking advantage of AI tech advances from major players such as Amazon. Established in 1920, the airline operates in 44 countries and is a founding member of the oneworld alliance.