Top 2024 resources on cuts
Best cuts resource in 2024.
Learn more about cuts to improve your e-commerce strategy.
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Agoda axes 1500 staff as Covid-19 crisis decimates bookings
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Asian online travel agency and metasearch engine Agoda has shed 1500 staff in a major downsizing brought on by the impact of the coronavirus pandemic.
Topics: covid19, resort, ceo, decimates, travel, cuts, staff, agoda, brown, industry, axes, impact, week, decision, bookings, crisis. -
Alibaba cuts its revenue forecast as growth slackens
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Alibaba’s long stretch of growth finally broke after the Chinese e-commerce giant reported somewhat underwhelming financial results for its Q2 2019 quarter. (A little confusing but Alibaba’s quarters are a little ahead of the actual calendar.) The company fell short of market expectation as it rang up RMB 85.15 billion ($12.4 billion) in revenue during […]
Topics: ecommerce, rmb, services, cuts, growth, revenue, quarters, slackens, billion, quarter, alibaba, company, forecast. -
Amazon Slashes Dozens of In-House Brands. Did Your Favorite Line Get Cut?
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Amazon is trimming in-house brands in its private-label business, including going from 30 to three clothing labels.
Topics: amazons, products, brands, told, customers, inhouse, clothing, privatelabel, amazon, cuts. -
How SMS Marketing Cuts Through the Noise—Plus 4 Examples to Try
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As we head into the holidays, the busiest and most expensive advertising season of the year, it’s worth adding SMS marketing to your marketing channel mix to help you cut through the noise and win new customers.More
Topics: messages, list, sms, send, email, try, short, customers, examples, cuts, rates, text, marketing, noiseplus. -
Indian travel and hotel booking firm Ixigo cuts salary of every employee over coronavirus
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Ixigo, a 13-year-old travel and hotel booking service in India, said on Monday it is cutting the salary of its entire staff as the firm grapples with severe disruption in its business due to the coronavirus outbreak that has pushed New Delhi to issue a nationwide lockdown. Aloke Bajpai, co-founder and chief executive of Ixigo, […]
Topics: business, entire, world, indian, industry, techcrunch, travel, coronavirus, service, salary, company, week, cuts, hotel, ixigo, bajpai, firm, employee. -
Investors cheer as Coupang cuts net loss 29% in Q1
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South Korean e-commerce platform Coupang said its first-quarter net loss shrank by 29% from a year earlier. The company posted a net loss of $209.2 million in Q1 this year, in contrast to last year’s net losses of $295 million in Q1 and $404.9 million in Q4, respectively. Investors cheered the result, sending the value of Coupang’s […]
Topics: cheer, gross, kim, loss, company, q1, cuts, million, profit, net, coupang, investors, billion, improvement. -
MyToys is disbanded and cuts 800 jobs
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German ecommerce giant Otto Group has disbanded its toys platform MyToys. The platform was not able to become profitable. All of its stores will have to close. The decision leads to a cut of 800 jobs. The German Otto Group owns several brands, including About You and Bonprix. Two weeks…
Topics: cuts, disbanded, mytoys, able, stores, profitable, group, jobs, social, revenue, ottos, otto, platform. -
Robinhood cuts trading fees, grows profits with in-house clearing
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As zero-commission stock trading app Robinhood starts preparing to IPO, an engineering investment two years in the making could accelerate its quest for profitability. Most stock broker services have to pay an external clearing house to reconcile trades between buyers and sellers. Now with 6 million accounts up from 4 million just 5 months ago, that […]
Topics: user, clearing, stock, inhouse, million, trading, fees, accounts, business, grows, robinhood, profits, trades, cuts.