Browsing: Restructuring
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again
Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, was unwavering as he reflected on the most radical decision of his decades-long…
20 years across Google, Maersk, and Diageo taught me that the biggest barrier to change isn’t ideas — it’s the gap between inside reality and outside expectations
After 20 years inside some of the world’s most iconic companies, the moment I stepped out, what both sides were…
OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company
OpenAI and Microsoft jointly announced that they have reached a deal to complete OpenAI’s restructuring into a more traditional for-profit…
As companies look to successfully achieve a corporate turnaround, success or failure depends on the speed of their actions and…
How Accenture CEO Julie Sweet communicated a major restructuring to 770,000 employees across 120 countries without ever sending a memo
When Julie Sweet needed to announce the biggest organizational change in Accenture’s history to her workforce of more than 770,000…
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world
Once the envy of the entire German auto industry, Porsche is drifting deeper and deeper into its biggest crisis in…
Casual restaurant chain TGI Friday’s Inc. filed for bankruptcy protection after struggling to turn around a business pressured by increasingly…
Nonprofit tax experts have been closely watching OpenAI, the maker of ChatGPT, since last November when its board ousted and rehired CEO…
Kellogg’s is reorganizing, downsizing, and cutting hundreds of jobs as U.S. cereal demand gets soggy
WK Kellogg Co. is closing one U.S. cereal plant and downsizing another as part of a plan to consolidate its…











