Cost cutting

Description

The Cost Cutting event tracks significant cost reduction measures taken by companies, such as layoffs, budget reductions, downsizing, and restructuring. These events provide insights into a company’s financial health, strategic adjustments, and market positioning.

Use Cases:

Investment Analysis: Identify businesses implementing cost-saving measures that may indicate financial distress or strategic shifts.
Competitive Intelligence: Monitor how competitors are adjusting budgets and operations.
Risk Assessment: Evaluate financial stability before engaging with a business.
Mergers & Acquisitions: Identify potential acquisition targets facing financial difficulties.

Data Schema

Event Name: "cost_cutting" (Use this value in the `event_types` parameter when querying this event.)

Signal	API Name	Description	Data Type
Cost cutting actions	action_taken	A summary of the measures implemented to reduce costs.	string
Expected savings	expected_savings_amount	Projected amount of cost savings as a result of the cost cutting measures, if appears in the text.	number (nullable)
Affected departments	departments_affected	A list of departments impacted by the cost-cutting measures.	array<string>
Savings currency	expected_savings_currency	Currency of the projected amount of savings resulting from the cost cutting measures.	currency_code (nullable)
Link to article	link	Link to article reporting the cust cutting measures taken by the company.	url
Event name	event_name	Name of the event related to the cost cutting measures.	string
Event time	event_time	The timestamp indicating when the event actually occurred	datetime
Title	title	The headline of the article, summarizing its main topic	string
Snippet	snippet	A short summary or preview of the article	string

Query Example

curl -X POST \
  "https://api.explorium.ai/v1/businesses/events" \
  -H "API_KEY: your_api_key_here" \
  -H "Content-Type: application/json" \
  -d '{
  "event_types": [
    "cost_cutting"
  ],
  "business_ids": [
    "8adce3ca1cef0c986b22310e369a0793"
  ],
  "timestamp_from": "2025-01-01T10:03:03.050Z"
}'

Best Practices

Analyze cost reduction trends to assess long-term business viability.
Monitor layoffs and restructuring efforts to understand workforce shifts.
Use cost-cutting data with financial metrics to create a comprehensive business risk profile.

Related Events

Lawsuits and Legal Issues - Tracks legal challenges and regulatory issues
Outages and Security Breaches - Identifies major disruptions and cybersecurity incidents
Merger and Acquisitions - Tracks major M&A activity