#ceo

BP is reorganizing @ C-level and is announcing a mega structural shake-up. New CEO announced a shift to Upstream/Downstream operating models replacing the current P&O/G&LCE/C&P structure...The prior CEO was sacked for lying to the board, had benefits clawed back, sued, then saw the lawsuit go quiet while he landed a plum director role at a Middle East-backed equity firm that promptly signed a BP JV... Wow...

As an Intuit employee I lost all my savings on Intuit stocks. I hold him accountable.

Looks like that SF lost her mind. There was a couple of urgent L2 level leadership meetings and additional cuts and savings asked. Is it the aim of SF to destroy the company? When she will finally understand that leading the company is way more then financial numbers? Is she finally loosing her support to lead this Titanic?

Can someone imaging she survive as a CEO any longer? I never seen something like this. Only Kelly Beaty could be worse choice.

I’m convinced “nunchucks” has no idea what he’s talking about.

https://finance.yahoo.com/sectors/technology/articles/verizon-ceo-sends-shocking-message-163300683.html

She’s doing such an incredible job in china that rumor has it she is already being promoted to CEO and will oust EH out of the role!
Good riddance eh welcome CS!

It’s clear EH isn’t the one. Who will be next? Will it be our goddess and savior CS per chance?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio FactSet.

Meanwhile, layoffs happened this week and didn’t deserve a single mention. Is the CEO genuinely aware of what’s happening inside the company, or is he too busy writing thought pieces about AI? The disconnect is becoming impossible to ignore.

The CEO of UP told him to shove it. So the merger MIGHT not get approval.

Price on July 1, 2020 $23.40
Price on June 4, 2026 $22.66 (intraday)

Cumulative price return -3.2%
Annualized price return -0.5%

The culture is trash , no flexibility , no happy employees , no performance ,you run a company like it's 1980 ...this is what u get ..get this loser ceo out now !!!!

With token pricing increasing dramatically, AI solutions are going to be too expensive. We'll end up using real AI - another Indian.

Exactly this. CEOs are finally realizing that the moment AI stops being subsidized through subscription, its cost becomes way too high to justify. So they'll go back to the previous solution, which will be more outsourcing. Either way, we're the ones getting sc--wed.

Anyone have any insight on the new CEO’s feelings about remote and/or hybrid work?

Embracer Group faced significant financial issues and widespread layoffs. A $2 billion deal collapsed, resulting in thousands of job cuts and studio closures. New CEO Phil Rogers aims to restore the company's damaged reputation. He hopes to rebuild trust with both gamers and the broader industry. Future company acquisitions will now be fully funded by organic cash flow.

https://finance.yahoo.com/markets/stocks/articles/2-billion-mess-saw-thousands-175713470.html

Link --> https://www.msn.com/en-us/money/companies/ibm-ceo-commits-to-reaching-quantum-computing-milestone-by-2029/ar-AA24GHxd?ocid=msedgntp&pc=W099&cvid=6a2049f56af74598af51294d8ec381d8&ei=9

If you believe this stuff will be available in 2029, then you'll believe anything and... I have bridge to sell you in London. No mention of Arvind's golden boy, Dario in this article.
BUT...
What happens if the fabled quantum computers fail to materialize in 2029 ? Where will Arvind and Dario be ? Basking in the sun somewhere in the Caribbean or hiding from the Italian Mafia underground ? After all, a billion dollars is a lot of $$$. ($10 billion is even more). LOL.

https://www.foxbusiness.com/economy/top-ceos-brace-downturn-warn-us-economy-worsen-in-next-6-months#:~:text=Only%2015%25%20of%20CEOs%20say,felt%20that%20way%20last%20quarter.

Not shocking however predictions show more layoffs across the economy and that is really not good for anyone regardless. Salaries likely not going up much either.

Yes, that is correct. Since we got stuck with Enrique only a few months ago Hewlett Packard has more than DOUBLED in value in just a few months. DOUBLED!!! Meanwhile we’re stuck with numbnuts dragging us to all time lows. I truly wish this was a lie. This id--t was a worse hire than Alex and that’s saying a lot.

PZ last day!!!! Ready to welcome a fresh chapter with a new CEO who is already showing to be a lot more human than robot sitting in an ivory tower! Perhaps he can sort out the expensive mess that has become of AI.

Wix is reducing its employee count by 20 percent. CEO Avishai Abrahami confirmed this decision. He cited the rapid evolution of artificial intelligence. Fluctuating international currency values also added pressure. The company aims for faster decisions with fewer leadership layers.

https://www.cnbc.com/2026/05/28/wix-layoffs-ai-exchange-rates.html

The stock price of this company only goes down and my shares built up over 5+ years are worth a small fraction of what they were. I’ve lost so much time, energy, and money with this broken company that makes moves at a snails pace. You could layoff 20% of this company and you wouldn’t even notice.

https://fortune.com/2026/05/27/most-powerful-women-citigroup-ceo-jane-fraser-turnaround-big-banks-wall-street/

She is getting another 40 million folks!!

Survey reveals that 99% of CEOs now expect AI-driven layoffs — companies are racing to replace junior workers with AI, even as many executives remain uncertain about the returns on AI investments | Tom's Hardware

Survey reveals that 99% of CEOs now expect AI-driven layoffs — companies are racing to replace junior workers with AI, even as many executives remain uncertain about the returns on AI investments

A recent study by consulting firm Mercer has revealed that an unprecedented 99% of CEOs envision AI-driven layoffs in the short term. The survey, which covered 12,000 C-suite executives, HR leaders, employees, and investors, showed that an overwhelming majority of executives expect AI "to lead to at least some headcount reduction in the next two years." At the same time, work and economic anxiety are increasing among employees, while workplace well-being has plummeted, with the portion of workers reporting that they "feel good at work" dropping from 66% in 2024 to just 44%.

The report also revealed that young professionals, aged 22 to 27, face the highest risk of job displacement as CEOs target simple tasks that typically served to train new hires. Because generative AI excels at codifiable, routine entry-level tasks, companies are slowing down traditional junior hiring pipelines. Standard Chartered recently announced plans to cut 7,000 jobs to replace ‘lower-value human capital’ and focus on automation.

Confirming the trend is another report from the consulting firm Oliver Wyman, based on a global survey of CEOs. The Oliver Wyman report revealed that the number of companies actively reducing junior/entry-level roles spiked from 17% to 43% in a single year due to automation.

Whether massive AI adoption and the resulting trends are worth it remains to be seen. Around 40,000 tech industry employees lost their jobs in the first quarter of 2026. Despite such trends, the Mercer report found that only 32% of surveyed executives believe their companies can effectively combine human labor with AI systems, even as they heavily push for AI to maximize return on investment.

Oliver Wyman’s report shows that AI was a top-three priority for most CEOs, with more 90% confirming the deployment or intention to deploy AI in their companies. Conversely, more than 50% say they can’t yet tell whether this AI deployment is actually delivering on the expected productivity gains.

A mere 27% of CEOs said the return on AI investment had actually met or exceeded expectations, down from 38% the previous year. Nearly 25% said they had seen absolutely no impact on revenue. The report suggests that the realities of redesigning entire workflows may be curbing AI enthusiasm, even as the worrisome trends continue.

While massive corporations like Amazon, Accenture, and Meta continue to announce thousands of job cuts tied to automation, macroeconomic data reveal a more complex narrative. Data highlighted by Fortune shows that automation-driven layoffs have frequently failed to deliver promised financial returns or measurable productivity gains.

Another interesting narrative is an AI smokescreen. Reports from labor analysts like Challenger, Gray & Christmas indicate that while AI is the most frequently cited reason for job cuts, many experts believe tech CEOs are using AI as a smokescreen to mask deeper internal struggles, corrections to overhiring, and shifts toward outsourcing.

In many ways, the reports paint a picture of a corporate world charging headfirst into an AI transformation it barely understands. Companies are cutting entry-level roles that traditionally trained the next generation of workers, even as many executives privately admit they still cannot prove the technology delivers meaningful returns. If the trend continues, an entire generation could find itself shut out of the traditional career pipeline altogether — trapped in a labor market that increasingly demands experience while simultaneously eliminating the jobs designed to provide it.

Proponents argue that humanity as a whole has always emerged unscathed and better off after massive technological revolutions, despite initial fears and shake-ups. On the other hand, opponents argue that a zoomed-in view of the actual impact such changes have is necessary for ethical implementation. We recently reported that a Chinese court ruled that companies cannot replace workers simply because “AI can do a better job.”

https://www.tomshardware.com/tech-industry/artificial-intelligence/survey-reveals-that-99-percent-of-ceos-now-expect-ai-driven-layoffs-companies-are-racing-to-replace-junior-workers-with-ai-even-as-many-executives-remain-uncertain-about-the-returns-on-ai-investments

Groundbreaking stuff! A CEO acknowledging that employees outside the US are also, in fact, employees. And framing the bonus as damage control for American democracy imploding? Absolutely riveting corporate theater!

Thank you, Dr. Goodnight!

As people are getting laid off or being quiet fired, please don't hate Ron. As Chairman, CEO and President at STATE STREET CORP, Ronald P. O'Hanley made $19,529,070 in total compensation.

Layoffs/Stack rank fire every 6 months.

Good luck everyone.

WiseTech Global is cutting approximately 2,000 jobs. The company is reducing its global workforce by nearly 30%. The logistics software company attributes these reductions to AI capabilities. CEO Zubin Appoo stated manual coding is no longer the core engineering act. The stock market reacted positively, with shares jumping 11.1%.

https://cryptobriefing.com/wisetech-layoffs-ai-workforce-reduction/

Project management firm ClickUp laid off 22% of its employees. CEO Zeb Evans stated this was a deliberate restructuring, not a cost-saving measure. The company is reorganizing its operations around artificial intelligence. Remaining employees could see annual salary bands up to $1 million. Evans believes other companies will also adopt similar proactive changes.

https://www.ndtvprofit.com/business/clickup-layoffs-startup-cuts-22-workforce-despite-strongest-business-ceo-explains-why-11530884

Acrisure is laying off 2,250 employees. The layoffs reduce the company's workforce by 11%. CEO Greg Williams announced the cuts in a letter to employees. The decision is driven by advancements in artificial intelligence. Layoffs began Wednesday and will continue into next year.

https://www.fox17online.com/news/local-news/grand-rapids/acrisure-to-cut-2-250-jobs-amid-rise-in-artificial-intelligence

CEO’s don’t give a shard about you or your family if they terminate you to make them more money for their pockets.

Best of luck 🤞 to everyone.

Intuit exceeded financial estimates for its third quarter. The company announced a significant reduction in its employee count. The CEO said artificial intelligence did not cause the layoffs. The reason was to create a more agile and efficient organization. The company increased its financial outlook for fiscal 2026.

https://www.barrons.com/articles/intuit-earnings-stock-price-layoffs-a96cfca9

OPED in today's WSJ. I think Verizon will likely see another big round of layoffs in the fall. SMH.

Algi Febri Sugita/Zuma Press

Two weeks ago I laid off more than 20% of my workforce. I didn’t do it because Cloudflare is struggling. We posted record revenue growth, have strong free cash flow and are adding an unprecedented number of customers around the world. I did it because business is changing, and to win the future, Cloudflare needs to change with it.

We haven’t found another example in U.S. business history of a public company growing at more than 30% that laid off more than 20% of its workforce. Yet what we did is likely going to become the norm over the next year. This is a story about artificial intelligence, but executives and commentators are misunderstanding how it will disrupt business and who will be affected.

To understand the issue, I went back to a book published in 1954, 20 years before I was born: Peter Drucker’s “The Practice of Management.” Drucker explores the different roles inside every business, which I would categorize as builders, sellers and measurers.

Builders create products. Sellers sell those products. Measurers do everything else: internal audit, revenue recognition, finance, legal, compliance, middle management, operations and on and on.

Contrary to what some analysts predict, builders aren’t going anywhere. If an engineer on my team can now be 10 times as productive, I’m going to hire as many as I can find.

Sellers, too, are safe from extinction. Humans still control budgets, and they want to buy from people who take the time to understand their needs, build trust and fix whatever goes wrong.

Measurers are also critical to a business, but different from the other two. The best are hard to find. They work tirelessly behind the scenes, don’t seek the recognition of a front-of-house role, and ideally have a perspective independent from the rest of the organization. Drucker argues that measuring business is important, but customers are earned through building and selling. The best businesses would maximize investment in those two functions.

AI isn’t coming for builders or sellers, but it is coming for measurers. Tireless, independent, efficient and available, AI systems can now measure an organization with a level of objective detail and precision that was previously impossible even for the best employees.

For Cloudflare, internal audit previously picked a handful of business risk areas to scrutinize each quarter. Now we’re moving to a system in which every business risk is audited continuously. We’re closing our books faster. We’re making fewer mistakes and catching the ones we do more reliably. And, as CEO, I’ve never had better tools to measure exactly how the business is performing, including identifying our rising stars.

The vast majority of those we laid off last week were measurers. We cut middle managers across the organization because AI allows us to have more direct reports per manager while still measuring and mentoring our teams effectively. We consolidated our operations functions into a single group that can support teams across the business, using AI to gain specific expertise when needed. We significantly reduced our marketing team, which, like in most companies, was teeming with measurers. Across our finance team, we found opportunities to consolidate and automate.

But the layoff wasn’t about reducing headcount. In fact, we have a record number of open positions. In coming years I expect our number of employees will continue to grow. With fewer people needed for measuring, we can now invest more in people in the areas that drive growth.

We received almost a million applicants for 1,111 paid internships this summer. The interns we hired are extremely qualified and AI-native. They’re all builders or sellers, and we expect that the majority will get full-time offers.

They’re the next generation who will invent ways to drive our business. With AI we can now better measure their contributions and accurately identify those who will be tomorrow’s leaders. AI isn’t the harbinger of bleak youth unemployment—it is quite the opposite.

AI won’t ki-l all jobs. But it will change every business. Ultimately, it will prove Drucker right. AI will allow us to better measure our organizations so the humans on our teams can focus on where they create and capture value: building and selling.

Mr. Prince is CEO of Cloudflare.

Can he seriously not read the room? Telling one of the most anti-AI customer bases out there, readers, that we'd happily stock AI books was already a choice. Following it up with “unless they’re plagiarized” just made it sound like he doesn’t understand why people are concerned in the first place. It's like he's intentionally handing our foot traffic to the competition on a silver platter. Does he actually want us to drive customers away???

First Brands expands layoffs amid bankruptcy First Brands makes auto parts. It previously cut 1,200 jobs in Ohio. An additional 350 employees will be laid off in Indiana. First Brands filed for bankruptcy in September 2025. Its CEO also faces federal fraud charges.

https://www.beaconjournal.com/story/news/2026/05/19/first-brands-auto-parts-maker-supplier-layoffs-ohio-indiana-fraud-bankruptcy/90155374007/

The former CEO announced his retirement last year. Since that day, there has been a steady climb to produce a 40% increase. Coincidence?

Can't blame the war in Iran since it's only gone up a little bit since then.

We used to be about 300 now down to 50, every week someone quits.
Moving to East & West cost or selling it.. But that’s ok as long the CEO makes $25.6 million a year and stock holders are happy…

I verbally heard in a bunch of meetings where Q3 2027 is when contract renewals are going to happen with US and Canadian staffing agencies and given how the CEO and the executives have been rooting for "APAC" (India) and AI. There is a huge chance that they are not going to renew their US and Canada contracts.

Let’s see how Dennis Mathew spins the stock below $1.00 during his Town Hall meeting today. I suspect won’t even be brought up.

Very odd it’s not in May, think they’re cooking the books with the layoffs to make the numbers look good? New CEO announcement? New RTO policy?

PD lit up DM today and may be getting fired soon. NE named next CEO??

This message is for Mr. O’Grady, CEO, on behalf of front-line employees, managers and even regional managers in Wealth Management. Because we don’t know if you’re aware of how bad things have gotten.
Senior Execs in WM have made decisions to close down ESS and PCS teams across the country without a plan in place. There was minimal thought put into the transition of those clients and individuals within those teams were left with no leadership and an attitude of “Just handle it and I don’t want to hear any complaints.”
Of course there were complaints. And of course there are some financial losses. And because of those, 20 year (and more) tenured, experienced and exceptional people were given the direct blame and fired.
It’s such a big mess and so sh---y.
We feel like we don’t work for the same Northern Trust anymore, after working proudly for this company for decades.
The only thing being emphasized is the bottom dollar. Every single thing is about money.
What happened to the company who, during Covid times, not only didn’t lay off anyone but also gave an extra paycheck to the lower level employees? Why is everyone being asked to do more with less, with absolutely no recognition or appreciation? The very good people left are leaving.
We’ve become the laughing stock of the industry. We used to be the Bloomingdale’s of this business, and now we’re no better than Wells Fargo or BofA.
It’s extremely sad and disappointing. And we’re hurting really bad. But worse, we’re looking for other jobs. For some of us, who have been unsuccessfully recruited by other firms for over 29 years, it’s the first time we’ve even thought of doing so.