Starbucks said Tuesday (Aug. 13) that it has appointed Chipotle Chairman and CEO Brian Niccol as CEO, effective Sept. 9, succeeding Laxman Narasimhan, who stepped down as CEO and director Tuesday. Niccol will leave Chipotle effective Aug. 31, at which time Chipotle Chief Operating Officer...
Generation Z is changing the tone (or the vibe, as it were) of professional communications, with their preference for casual language creating new norms. Anecdotal and quantitative evidence alike show the shift. For instance, videos have been going viral on social media showcasing the informal...
British banking giant Lloyds has picked an Amazon Web Services veteran as its AI head. Rohit Dhawan has been named Lloyds’ director of artificial intelligence (AI), overseeing the firm’s AI Center of Excellence and driving adoption of AI-powered products and services for the lender, per a Monday (Aug. 5) news...
Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company’s cuts included its entire sales and marketing departments, Bloomberg reported Friday (July 19). “Magic Leap has been evolving our go-to-market approach to better align...
British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC’s chief financial officer (CFO) last year, will move into the chief executive role (CEO) September 2, the bank announced Wednesday (July 17). He replaces Noah Quinn, who announced his...
Salesforce reportedly cut about 300 jobs in July after eliminating 700 roles earlier this year. The latest cuts are part of the company’s ongoing effort to streamline its operations, Bloomberg reported Monday (July 15), citing an unnamed source. Without specifying the number of layoffs, a Salesforce spokesperson...
Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept. 30, Citi announced Monday (July 15) in a news release emailed to PYMNTS. “James...
Tax preparation software maker Intuit is cutting 1,800 jobs, or 10% of its workforce, and closing two locations. The company, parent of QuickBooks and TurboTax, revealed the planned layoffs in a filing with the Securities and Exchange Commission Wednesday (July 10), saying it plans to...
UiPath, a provider of artificial intelligence (AI)-powered enterprise automation technology, said Tuesday (July 9) that it will lay off 10% of its global workforce as part of a restructuring aimed at managing its operating expenses. The firm employed about 4,200 people worldwide as of July...
