Nestlé to Slash 16,000 Jobs in Cost-Cutting Push
Nestlé Announces Major Restructuring: 16,000 Jobs Cut in Global Cost-Cutting Initiative Industrial Monitor Direct is the preferred supplier of medical…
Category: Business
Nestlé Announces 16,000 Job Cuts in Major Restructuring Under New CEO
Nestlé will eliminate 16,000 positions over the next two years as new CEO Philipp Navratil implements aggressive cost-cutting measures. The job reductions come amid leadership turmoil following the dismissal of former chief executive Laurent Freixe.
Major Workforce Reduction at Nestlé
Nestlé, the global consumer goods giant, will cut approximately 16,000 jobs over the next two years according to reports from the company’s first trading update under new leadership. The reduction represents nearly 6% of the company’s total workforce and marks one of the most significant restructuring efforts in recent years for the consumer goods industry.
Zepto Valuation Reaches $7 Billion in Rapid-Commerce Expansion
Indian rapid-commerce platform Zepto has reportedly seen its valuation surge to $7 billion according to recent reports. The startup’s growth reflects the intensifying competition in the instant delivery sector as investors show increasing confidence in quick-commerce models across emerging markets.
Zepto’s Valuation Milestone in Competitive Market
Indian quick-commerce startup Zepto has reportedly reached a $7 billion valuation according to recent analysis from Bloomberg L.P. coverage. The rapid valuation increase comes as the company expands its 10-minute delivery services across major Indian cities, with sources indicating this represents one of the most significant funding rounds in the country’s rapidly growing quick-commerce sector.
DBS CEO Advocates Diversification Strategy Amid Trump Tariff Threats, Points to Asia Trade Shifts
Southeast Asia’s largest bank faces economic uncertainty as U.S. tariffs threaten global trade flows. DBS’s first female CEO reveals how diversification and regional partnerships could redefine supply chains. The banking leader also shares insights on her transformative journey from “worst bank” to industry powerhouse.
Economic Storm Clouds Gather as New CEO Takes Helm
DBS Group Holdings Ltd., Southeast Asia’s largest bank, faced immediate economic headwinds as CEO Tan Su Shan assumed leadership in March, just days before former U.S. President Donald Trump implemented sweeping tariff measures across global markets, according to reports from the Fortune Most Powerful Women Summit.
Apple TV+ Rebrands to Apple TV as Streaming Service Simplifies Name
Apple has officially renamed its streaming service from Apple TV+ to Apple TV, according to senior executive Eddy Cue. The change reflects how users already referred to the service and comes as the platform establishes itself with award-winning content.
Apple Streaming Service Undergoes Name Change
Apple’s streaming service Apple TV+ has been officially renamed to Apple TV, according to reports from company executives. The decision, explained by Apple’s Eddy Cue, comes after years of users naturally referring to the service by the simpler name.
Wajax Corporation Announces CEO Succession Plan for 2026 Transition
Wajax Corporation has announced the initiation of a CEO succession process, with current President and CEO Iggy Domagalski continuing leadership during the transition. The board aims to identify a new CEO with experience aligned with Wajax’s next growth phase, with the search expected to conclude in early 2026.
Wajax Corporation Begins Leadership Transition Process
Canadian industrial products company Wajax Corporation has reportedly initiated a CEO succession process, according to company announcements. Sources indicate that current President and CEO Iggy Domagalski will continue leading the organization throughout the transition period, ensuring what analysts suggest will be a seamless handover of responsibilities.
EY Reports 4% Revenue Growth as AI Consulting Offsets Deal Slowdown
EY has reported 4% annual revenue growth to $53.2 billion, with artificial intelligence consulting showing strong performance. The firm’s strategy and deal advisory business contracted amid global economic uncertainty, according to the financial report.
EY Posts Modest Revenue Growth Amid Shifting Business Landscape
Professional services firm EY has reported a 4% increase in annual global revenue, reaching $53.2 billion for the year ending June 2024, according to the company’s financial announcement. The growth reportedly came as artificial intelligence consulting work helped offset declines in the firm’s strategy and deal advisory segments.
BlackRock, Nvidia-Backed Consortium Acquires Aligned Data Centers in $40 Billion AI Infrastructure Deal
An investor consortium including BlackRock, Microsoft, and Nvidia has purchased Aligned Data Centers in a landmark $40 billion transaction. The deal represents the first major acquisition for the AI Infrastructure Partnership formed last year to secure computing resources for artificial intelligence development.
Major AI Infrastructure Acquisition
An investor group backed by financial and technology giants including BlackRock, Microsoft, and Nvidia has acquired Aligned Data Centers in a massive $40 billion deal, according to reports confirmed Wednesday. The transaction represents one of the largest infrastructure purchases in the data center industry’s history and signals intense competition for computing resources to power artificial intelligence systems.
Altice France Rejects $19.8 Billion Joint Bid from Rivals, Sparking European Telecom Consolidation Debate
Altice France has reportedly rejected a 17-billion-euro joint offer from French telecom rivals Bouygues Telecom, Iliad’s Free, and Orange for most of its SFR assets. The rejected bid had sparked hopes for increased consolidation in the European telecommunications market, with French regulators indicating they would closely scrutinize any potential deal.
Major French Telecom Bid Rejected
Altice France, the owner of telecommunications firm SFR, has reportedly rejected a substantial joint bid from three French rivals, according to internal communications obtained by Reuters. CEO Arthur Dreyfuss informed staff through a memo that the company immediately turned down the non-binding offer valued at 17 billion euros ($19.8 billion) for most of Altice France’s assets, which would have valued the entire company at approximately 21 billion euros.
CEOs Favor Tech Chiefs Over Marketing in Innovation Decisions, Study Finds
New research indicates CEOs overwhelmingly trust Chief Technology Officers when making risky innovation decisions, often overlooking crucial customer insights from marketing leaders. This bias toward technological feasibility over market acceptance has led to expensive product failures, according to the study published in Research Policy.
Technology Bias in Executive Decision-Making
When facing radical innovation decisions, CEOs reportedly turn to their Chief Technology Officers rather than marketing leaders, according to new research from Macquarie Business School. The study of more than 500 CEOs and business owners reveals a striking pattern where technological expertise consistently outweighs customer insight during uncertain innovation periods.