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 Name	name	Type
Actions Taken	actions_taken	String
Expected Savings	expected_savings_amount	String
Departments Affected	departments_affected	Array of Strings
Expected Savings currency	expected_savings_currency	string
link	link	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.

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