Latest Breaking News On - Chris kubasik - Page 1 : vimarsana.com

CFOs Continue to Flex Their Cost-Cutting Muscles

Q1 earnings reports reflect an enduring focus on expenses that’s reflected in studies from U.S. Bank and Grant Thornton.

L3Harris cuts 5% workforce in cost-saving measure

(Reuters) - U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday. The announcement confirms a Reuters rep.

L3Harris selloffs hampered by low bids, CEO says

“To the extent we can get a good price for what we've identified as non-core [businesses], we'll do it. But too many of the offers are coming in low and people think we're desperate to sell, and I can assure you we're not,” said L3Harris CEO Chris Kubasik.

L3Harris cuts 5% workforce in cost-saving measure

The announcement confirms a Reuters report from Tuesday which said the company would cut 5% of its workforce this year, citing an email sent to employees. Though U.S. defense contractors are seeing a notable increase in orders amid conflicts in the Middle East and between Russia and Ukraine, they continue to face headwinds from supply chain and labor disruption stemming from the pandemic, impairing margins.

L3Harris Cuts 5% Workforce in Cost-Saving Measure

L3Harris cuts 5% workforce in cost-saving measure

U.S. defense contractor L3Harris cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday. .

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

By Utkarsh Shetti, Nathan Gomes and Mike Stone (Reuters) - U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on.

US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday. .

Exclusive-US Defense Contractor L3Harris to Cut 5% of Workforce to Save Costs, Email Shows

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday. L3Harris is set to report its first-quarter results on Thursday. The cuts are not evenly distributed but aim to eliminate redundancies across all functions at the company, a person familiar with the situation said, adding the reductions did not necessarily focus on the Aerojet Rocketdyne divison, which L3Harris acquired for $4.7 billion in December 2022.