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European price war squeezes Lufthansa hard in Q2

Rising costs for jet fuel and price competition are squeezing profits at Lufthansa European airline giant Lufthansa on Tuesday reported tumbling net profits in the first quarter, saying higher operating costs and a European short-haul price war ate into the bottom line. Net profit at Lufthansa fell 70 percent year-on-year in April-June, to 226 million […]

Uber cuts marketing staff to reduce costs

Uber had more than 1,200 workers in marketing before the announcement that 400 would be cut Uber on Monday confirmed it is cutting 400 jobs from its marketing team of more than 1,200 workers to reduce costs and improve efficiency. Uber chief executive Dara Khosrowshahi and marketing team boss Jill Hazelbaker announced the restructuring internally, […]