Companies — profitable or not — make 2024 the year of cost cuts

Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco,
Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.