#ceo

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.

Our CEO is CELEBRATING 23 quarters of layoffs. CELEBRATING?!?!?

That's how much our leader values the workforce. Do the math - he's celebrating the disruption and destruction of tens of thousands of careers for the past 7+ years straight.

https://www.bizjournals.com/sanfrancisco/news/2026/04/14/wells-fargo-ceo-layoffs-wfc-earnings-call.html

i'm outta here asap. its only getting worse

Someone that is in the board. Tim Cook!!!

He knows Nike well, recently step down as CEO of Nike.

He will bring stability that he gave in apple. Bring same old more boring stuff quarter after quarter!!! LOL

Dan Schulman made 34.3 million in 3 months in 2025 :He only became CEO on October 4, 2025 — so he earned most of that in just 3 months as CEO. Here's how:He received a $9.5 million RSU grant upfront just to compensate him for pay he forfeited when he left a prior investment firm to take the Verizon job. Then a $20 million RSU grant vesting in 2027, plus a $30 million PSU grant tied to performance — all loaded in at the start. Add his $1.5 million base salary and a short-term bonus target of 250% of base salary, prorated for the portion of 2025 he was CEO , and you get to $34.3 million fast.The CEO Hans Vestberg collected $31.2 million in 2025 compensation. So Verizon paid two CEOs over $65 million combined in the same year it laid off 13,000 workers.The system that allows this:The board sets pay. The board is elected by shareholders. But in practice, executive compensation committees at major corporations benchmark pay against other large companies — creating a ratchet where CEO pay only goes up, regardless of performance. Schulman got paid to leave his last job and came in loaded with equity from day one, before proving anything.
So to directly answer your question: he made $34.3 million largely through upfront equity grants and a golden hello — not because he earned it through results. The results come later, if they come at all.

GitLab announced a company-wide restructuring effort. The software company plans to reduce its workforce by June 1. This restructuring aims to meet the demands of the "agentic era." Changes include flattening management layers and reorganizing R&D teams. The CEO stated AI agents will automate internal processes, affecting roles.

https://www.businessinsider.com/gitlab-layoffs-memo-2026-5

He’s completely in over his head and not CEO material. Zero vision, authority or leadership for this moment.

The Today Show interview this week was a disgrace to this company. Lacked anything meaningful. The tears are old. “Return to sport” and “serving athletes” is BS vision. What a wasted PR effort by the Comms team. Embarrassing in fact.

We need a new CEO yesterday and I’ll start a petition.

Any chance the last two CEO’s were planted by the investors? They both run this company like they want to bleed it out and then sell it to someone who may have pushed for them to get to the top.

Since Udit Batra took over as President and CEO of Waters Corporation in September 2020, his total compensation has risen approximately 146% - from $5.7 million in his first partial year to $14 million in 2025 - while the company’s financial performance has largely stagnated. Revenue grew modestly from $2.37 billion in 2020 to $2.96 billion in 2024, a rise of around 25%, and net income actually declined from its 2022 peak of $708 million to $638 million in 2024. The most glaring disconnect came in 2023–2024, when earnings were flat to negative yet Batra received a 27.6% pay increase. Over the same period, the company’s workforce has shrunk. After growing to a peak of 8,200 employees in 2022, Waters cut roughly 328 jobs in a formal 2023 layoff round - approximately 4% of global headcount - and has continued to shed staff, ending 2024 at 7,600 employees, a net reduction of around 700 from the peak and below where the company stood when Batra arrived. Batra himself has cited the headcount reductions as a management success, pointing to flatter org structures and tighter spans of control, while employee reviews describe a culture of ongoing layoffs, increased workloads, suppressed pay, and leadership disconnected from the workforce. In sum, Waters under Batra presents a picture of a CEO whose compensation has substantially outpaced both the company’s financial results and the fortunes of its employees.​​​​​​​​​​​​​​​​

I'd say he is, he's conditioned that way.

Just wanted to give the proper hello to rhe worst CEO and human being in Chevron History, MW. Also a hello to the worst CIO in Chevron history that is destroying his fellow American IT personnel to pad his pockets. What kind of people have so little loyalty to their country and community they happily sacrifice them for themselves? Terrible humans. They DO NOT HAVE to act this way. No law says they have to. For those defending these people, a few extra pennies of dividend in your retirement fund at thr cost of laying off people in your community is not Wirth it. Its absolutely wirthless! You dont have enough in your account to make a difference. Now to head out to take an MW!

How much time does EH have left until he himself is laid off for underperformance? Who would the next CEO even be? Internal or external?

In the last 5 years, MDT stock is down 44% while the SP500 is up 67%. How much longer for CEO and Chairman Martha? Obviously his DEI strategy hasn’t paid off and neither has anything else. How much longer board?

NIKE IS DONE!!!
WE 3 BAD CEOS MP JD EH
AND WITH BAD ECONOMY, I THINK THAT MOST CONSUMERS ARE CHANGIN THEIR TASTE.
MOST YOUNG PEOPLE ARE BROKE AND THERE IS NO YOUNG CUSTOMER BEING CONVERTED TO NIKE CREEDO.

DEAD AND BURIED!!!

The CEO is a maniac and literally fires people without knowing what they do. It's an odd strategy for success.

Generally, a CEO with sustained poor performance is -on average- let go after ~3 bad years, if not less. That’s been studied pretty extensively across medium-to-large NYSE-listed companies, and the stats are easy enough to find. Yet Goff Murka is still here.

The decision about a CEO’s employment and performance reviews is handled by a committee of the Board. And Geoff himself is also on the Board. That’s one of the reasons CEOs often sit on boards in the first place: to avoid being completely at the mercy of the Board and to maintain some degree of stability and influence.

Funnily enough, three MDT board members also came out of GE. Funny how that works. At the very least, there’s an element of mutual back-scratching and shared incentives.

Being on a Board is a great gig: incredibly lucrative and relatively low-risk compared to operational executive roles. Great money for comparatively little legwork, with the worst-case consequence usually just being the loss of the seat. Geoff has a pretty nice setup with the GE network: everyone scratches each other’s backs and keeps the machine running.

This is basically a textbook corporate-governance criticism: board interlocks, executive networks, and incentive alignment reducing accountability for underperforming CEOs. We can stop speculating on the mystery of why GM has his job. It's this simple.

There’s simply far more incentive for everyone involved to sit tight and protect the status quo and their own interests than there is to force a change.

And that's where Elliott has come in. That's why they've gotten seats on the Board. What they do with the seats remains to be seen: join in on the grift, or try to save MDT as a company.

There is no mystery. It's rent-seeking in plain sight and will not change until the GE faction leaves or is removed from the Board.

https://www.reuters.com/sustainability/sustainable-finance-reporting/mattel-investor-asks-ceo-consider-go-private-or-sale-toy-demand-weakens-2026-05-08/

From his role as CEO in the coming investor call. JP will be announced as new CEO effective Q1 FY2027. Stay tuned.

Bottom Line - Dan will get his 30%