Posted 2/13/2024, 8:39:00 AM
US Companies Focused on Cutting Costs in Earnings Calls to Boost Profits
- US companies discussing "operational efficiency" at record rates in earnings calls to cut costs
- Phrases like "fiscal discipline," "expense cutting" used similarly; overlap with AI discussion
- Companies include Pfizer, BlackRock, Lam Research, but also tech, professional services, healthcare, financial services
- Walt Disney, Hertz, Levi Strauss cutting costs and jobs to boost profits
- Some reallocating funds to grow business; Estee Lauder cutting jobs to invest more in brands