https://www.reuters.com/article/us-hon-hai-forecast-apple/foxconn-aims-to-cut-2-9-billion-from-expenses-in-2019-bloomberg-idUSKCN1NQ1G5

Taiwan's Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces "a very difficult and competitive year", Bloomberg reported on Wednesday, citing an internal memo.