Google to restructure finance team ahead of AI push: Reports
CFO Dive
APRIL 18, 2024
The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.
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CFO Dive
APRIL 18, 2024
The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.
CFO Dive
DECEMBER 7, 2023
The bank’s biggest restructuring in a decade is hitting group finance chiefs as Citi seeks to trim expenses over the next two years.
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CFO Dive
OCTOBER 17, 2024
The biotech will also be reducing its total workforce by approximately 33% and tapped its COO to take on responsibilities for finance as part of the restructuring.
CFO Dive
AUGUST 20, 2024
Glenn Coleman is leaving as the dental supply company struggles to regain its footing after a 2022 accounting probe uncovered ethical violations by ex-CFO Jorge Gomez.
CFO Dive
JULY 24, 2024
Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes.
CFO Dive
OCTOBER 23, 2024
Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief roles at Checkers & Rally, Benihana, Pieology Pizzeria, and Café Rio Mexican Grill.
CFO Dive
APRIL 24, 2023
In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.
CFO Dive
APRIL 24, 2024
Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter.
CFO Dive
APRIL 1, 2022
As an alternative to calculating TDR, creditors that have implemented current expected credit losses (CECL) standards are to disclose their restructurings for distressed borrowers.
CFO Dive
JANUARY 19, 2024
The move comes amid reports of a broader restructuring of the football club’s business operations, led by chief operating officer Wesley Walls.
CFO Dive
OCTOBER 22, 2024
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
CFO Dive
APRIL 23, 2023
Restructuring expert Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.
CFO Dive
JANUARY 10, 2024
Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.
CFO Dive
JANUARY 5, 2024
The CVS Health executive is taking on the top finance seat as it looks to get back on track following a corporate restructuring, company-wide layoffs, and rising costs.
CFO Dive
JULY 25, 2024
Longtime company alum Jaime Martinez will step in as interim CFO as Flex looks to execute on a restructuring plan aimed at improving its operational efficiency.
Global Finance
AUGUST 16, 2024
The rattled corporation faces a rocky road through a wide-ranging restructuring, but some analysts see a more competitive company emerging. The decision, which was intended to help Anglo focus on its restructuring, swung the company from a net profit of $1.26 The restructuring itself is a complicated affair.
CFO Dive
MAY 11, 2023
Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.
CFO Dive
APRIL 19, 2024
The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.
CFO Dive
SEPTEMBER 4, 2024
Chief Financial Officer Matt Schroeder will take over the CEO post from restructuring officer Jeffrey Stein.
CFO Dive
JANUARY 11, 2023
Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.
CFO Dive
JUNE 16, 2023
The 23-year company alum is stepping down among a pending shareholder lawsuit and efforts by the company to restructure following ongoing subscriber loss for its streaming business.
CFO Dive
APRIL 26, 2023
The seller of women’s handbags is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.
CFO Dive
JANUARY 20, 2023
The regional bank will aim for low-level expense growth and conduct some measure of organizational restructuring as it looks to position itself to weather a mild recession, CFO Zach Wesserman said.
CFO Dive
JANUARY 26, 2024
“Cloud is the big elephant in the room for SAP,” Forrester VP and Principal Analyst Liz Herbert said.
CFO News Room
NOVEMBER 8, 2022
So, now, help us understand how this evolved and where the challenges had come as this was evolving that got you to the point that you had to do some restructuring to make it this. How And Why Cean And His Partners Restructured Roles And Compensation [56:07]. Michael: So, I understand the structure now as it exists today for the firm.
Corporate Finance Lab
JULY 12, 2022
The independent think tank Conference on European Restructuring and Insolvency Law (CERIL) has published its latest Statement and Report 2022-2 on Cross-Border Effects in European Preventive Restructuring. Cross-Border Dimensions of Preventive Restructuring Proceedings. In January 2022, CERIL commenced a new project led by Prof.
Future CFO
JANUARY 18, 2024
Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team. As a finance leader , it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page.
Future CFO
JANUARY 11, 2024
CFOs must lean on a systematic phased approach to restructuring strategies for the future to be able to plan correctly , and consequently execute and adapt. Phase 1 – The case for change In the initial phase, finance leaders must make a compelling case for change and communicate the strategic rationale behind the restructuring.
Corporate Finance Lab
FEBRUARY 14, 2022
The overall theme of the academic conference will be: “The Emerging New Landscape of European Restructuring and Insolvency”. The legal development have not stopped with the pandemic, in fact it has set in motion many new developments. Programme and registration details. To conference will be in person in Dublin on 2 and 3 Mach 2022.
Corporate Finance Lab
JULY 18, 2023
The long anticipated law of 7 June 2023 implementing the European Directive on restructuring and insolvency brings about a major reform of Belgian insolvency law. The new regime: shareholders no longer immune Under the new regime, shareholders are allocated to a class and can be affected by the restructuring plan.
Global Finance
OCTOBER 10, 2024
The post Growth And Restructuring: Q&A With Mongolia’s Central Bank Governor Byadran Lkhagvasuren appeared first on Global Finance Magazine. This important document heightened the commitment of not only the BOM but of all relevant stakeholders in furthering the green finance cause.
CFO Dive
JUNE 21, 2022
As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses, said CFO John Greene.
CFO Dive
AUGUST 10, 2022
Alvarez & Marsal Managing Director Matt Kvarda will step in as interim CFO for beauty brand Revlon as it goes through corporate restructuring, with the consulting firm reaping a $165,000 monthly fee.
PYMNTS
SEPTEMBER 14, 2020
Deloitte’s plans also come as it plans to look into selling its restructuring arm in spite of the surging demand for insolvency services. According to sources not named, executives believe the restructuring arm isn’t seen as a particularly lucrative venture. announced its plan to disentangle the groups’ various arms in July.
CFO News
MAY 21, 2024
For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company. US-registered Razorpay is quickening plans to shift its domicile to India.
CFO News
FEBRUARY 25, 2024
The rejigs and job cuts—in line with global restructuring at the telecom equipment maker—come amid a weak India business environment in the face of reducing 5G capex spends by top telcos Bharti Airtel and Reliance Jio as well as major customer Vodafone Idea’s continuing financial struggles.
CFO News
AUGUST 6, 2023
The CBIC is mulling a comprehensive restructuring of the organisation to make it more effective and remove overlapping, if any, as many of its functions have undergone transformation. The Central Board of Indirect Taxes and Customs or CBIC (formerly knows as Central Board of Excise and Customs) was set up in 1964.
Global Finance
OCTOBER 9, 2024
That came just one month after API, the US-based nonoperational holding company of Avon beauty brands, filed to restructure its debt due to previous and ongoing litigation regarding talc contamination in its products. Tupperware, the plastic containers maker, filed for bankruptcy in September.
Future CFO
JANUARY 2, 2024
At the backend, a fast-paced financial restructuring was taking place. “We MAG was one of the first aviation groups to embark on a restructuring during the pandemic. This proved to be a challenging feat as MAG has over 75 major creditors/lessors from across the world impacted by the restructuring.
CFO News
JANUARY 16, 2023
Experts said the tax authorities' opposition to some of the corporate restructuring deals stems from concerns that some deals may be structured to avoid taxes. There are also rising instances of the tax department raising the GAAR issues in corporate restructuring at the time of assessment, they said.
PYMNTS
AUGUST 28, 2020
Reuters quoted Dennis Baden , partner in charge at executive search firm Heidrick & Struggles, as saying: “We didn’t see a lot of restructuring or layoffs with the banks (earlier in the pandemic). and we might see an increase in restructuring.”. We’re starting to see it now. things will get a little bit worse. and Wells Fargo.
CFO News Room
NOVEMBER 26, 2022
in the premarket, following a report by RBC Capital that said Deutsche Bank’s restructuring progress has been overlooked by investors. Nonetheless, the stock rose 1% in the premarket. Deutsche Bank (DB) – The German bank’s U.S.-traded traded shares added 2.4% in the premarket, on top of its 28.9%
PYMNTS
OCTOBER 22, 2020
HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. The cuts come as part of Europe's largest bank's larger restructuring effort from earlier this year, with HSBC looking to cut costs worldwide as the ability to boost revenues becomes more difficult.
CFO News Room
NOVEMBER 6, 2022
Discovery reported third-quarter revenue that missed analysts’ expectations , citing a tougher backdrop for advertising and elevated costs from its restructuring. Discovery — The stock dipped 5% after Warner Bros. Source link.
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