Related Articles
Petronas Workforce Reduction as a Cost-Cutting Measure Amid Oil Price Decline
Petroliam Nasional Bhd (Petronas), Malaysia's state-owned oil and gas enterprise, is set to reduce its workforce by approximately 10% as part of an overarching restructuring strategy to manage costs amid declining oil prices. CEO Muhammad Taufik announced that the company will reduce its personnel by over 5,000 employees and those affected will be notified in phases over the next year, alongside a hiring freeze extending to December 2026.
Sales Surge at McDonald's Japan Analyzed Through Promotional Success
In May 2025, McDonald's Holdings Co. $MCD Japan reported a significant boost in sales, driven largely by the introduction of Happy Meal toys that capitalized on two major trends: the "Minecraft" movie and the Chiikawa character franchise. This initiative spurred a 14.7% year-over-year increase in same-store sales, marking the largest monthly growth since December 2022. Such robust performance underscores the effectiveness of leveraging cultural phenomena in retail strategies.
Didi Global Inc. Reports Profit Surge in March Quarter
Didi Global Inc. $DIDI has made significant strides in financial recovery, recording a triple increase in net profit to 2.4 billion yuan for the March quarter. Revenue also climbed by 8.5% to 53.3 billion yuan ($7.4 billion USD), primarily driven by aggressive international expansion efforts. These promising financial results come as Didi, often referred to as the Chinese counterpart to Uber Technologies Inc. $UBER, prepares for a potential Hong Kong listing.
Nissan's decision highlights the harsh realities many companies are facing today.
It's a tough but necessary move for Nissan in these challenging times for the auto industry.