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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.)

SignalAPI NameDescriptionData Type
Cost cutting actionsactions_takenA summary of the measures implemented to reduce costs.TEXT
Expected savingsexpected_savings_amountProjected amount of cost savings as a result of the cost-cutting measures, if available.TEXT
Savings currencyexpected_savings_currencyCurrency of the projected amount of savings resulting from the cost-cutting measures.TEXT
Affected departmentsdepartments_affectedA list of departments impacted by the cost-cutting measures.TEXT
Link to articlelinkLink to article reporting the cost-cutting measures taken by the company.URL

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.

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