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...This trend comes after more than a decade of heavy spending in a focus on aggressive top-line growth....
...Companies were reassessing priority areas for investment and cutting positions in costly but non-core divisions, said Daniel Keum, associate professor of management at Columbia Business School, such as Amazon...
...As prospects for an imminent IPO faded, Xiaohongshu announced it had dismissed just under 10 per cent of its workforce in April, or 200 employees....
...The company cut 20 per cent of its workforce in December. “In this case, we’ve gotten a few too many steps ahead and that’s a hard reality to face,” admitted Perret....
...Elliott Management has scrapped plans to nominate directors to the board of Salesforce after the software group delivered a better than expected earnings report in March and promised to focus on profits....
...Those results give some breathing room to Benioff as he contends with at least five activists — Elliott Management, Starboard Value, ValueAct Capital, Inclusive Capital Partners and Third Point Management...
...Matthew Briers has quit as chief financial officer of London-based fintech Wise to “focus on making a full recovery” after being run over by a bus while cycling last year....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Mark Zuckerberg appeared to experience a change of heart after the rout in Meta’s shares last month, announcing plans to cut 13 per cent of his workforce....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...“But, for me the personal motivating goal is realise our mission to be a voice for the everyday citizen that stands for an exclusive focus on excellence in corporate boardrooms.”...
...It’s time to call a truce in the ‘war for talent’: Most organisations tend to focus on their star workers, but this obscures the collective work of teams and can be discouraging to everyone else. 2....
...How to spot strong company management: If you have clients at external companies, you don’t necessarily need to meet a firm’s management team in person to make a judgment call on them — just look for these...
...Amazon is trimming 3 per cent of its corporate workforce, mostly from unprofitable divisions....
...By its nature, serendipity doesn’t lend itself to management....
...He was won over by the opportunity to apply his ideas about retraining workers and removing barriers for under-represented groups to a workforce of 2.3mn people....
...Messing up macroeconomic policies, especially fiscal management, proves particularly dangerous when the dollar is strong, interest rates are rising and investors seek safety....
...You know, they want to focus on their work not what the market says, that’s point number one....
...During lunch, the canteen is alive with a young workforce, many chatting in English. The company has also changed at the top....
...“We’re headquartered in Argentina, our management is part Brazilian and our business is entirely Latin American,” Galperin says....
...All these developments move payments to the background because people want to focus on buying things....
...Discussions about the future of work too often focus on jargon-y terms like “asynchronous” and “holistic”....
...For now, Gympass’s priorities include extending into the workforces of small and medium-sized companies, as well as mental health and management of long-lasting conditions, such as diabetes....
...And the idea of changing your entire workforce to focus differently on software and electronics is another whole level of complexity — you have to redesign the guts of the company.”...
...It has meant introducing new metrics to force a greater focus on customer satisfaction....
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