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Corporate America Faces a Crisis as Women Leaders Exit in Record Numbers

Business Bytes

Business Bytes · 1y ago

Corporate America Faces a Crisis as Women Leaders Exit in Record Numbers

Corporate America is experiencing a crisis as more women leaders are leaving their positions at an alarming rate. This trend raises concerns about gender diversity and equality in the workplace and highlights the need for more inclusive environments. Moreover, employees struggle when working under rookie managers, as they face sleep difficulties. Shockingly, only 35% of companies offer formal leadership coaching programs, missing out on the opportunity to develop future leaders. Lastly, promoting individuals to managerial positions based solely on individual performance may not be sufficient for effective leadership.

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To lead through turbulent times, India Inc looking for leaders who thrive under pressure

Economic Times

Economic Times · 2m ago

To lead through turbulent times, India Inc looking for leaders who thrive under pressure

Corporate India faces unprecedented challenges, leading to a demand for leaders who excel under pressure and can adapt to disruptions. Companies seek leaders with the ability to manage complexities, innovate technologically, and foster diverse teams. Headhunters note the emphasis on qualitative traits like agility, entrepreneurship, and resilience. As disruption becomes commonplace, leadership expectations have evolved, with a focus on new thinking and operational control, making traits like resilience and employee engagement essential for leadership roles.

Celebrating Women’s Day with Leading Voices of the Corporate World

Livemint

Livemint · 1y ago

Celebrating Women’s Day with Leading Voices of the Corporate World

The article discusses the importance of women's empowerment in the corporate world and highlights the underrepresentation of women in leadership roles. It mentions a study by McKinsey & Company that shows businesses with more women in top executive positions tend to be more profitable. The article also mentions Shine's International Women's Day campaign, which focuses on industry leaders who are implementing inclusive practices to drive meaningful change. It features organizations like SUGAR Cosmetics, Edelweiss MF, Wipro, BCG, Deutsche Bank Group, and Tata Steel as examples of companies making progress in promoting gender equality.

Bengaluru job crisis: 50,000+ IT layoffs, real estate hit hard

Inshorts · 5m ago

Bengaluru job crisis: 50,000+ IT layoffs, real estate hit hard

Bengaluru faces a major job crisis as AI-driven automation leads to 50,000+ IT layoffs in 2024 alone. The downturn threatens ₹3,000 crore in rental earnings, as PG occupancies drop by 30%. Real estate near tech hubs may see 15-20% depreciation, while AI-driven job cuts extend beyond IT into finance and operations. The crisis could reshape Bengaluru’s economy, forcing rapid adaptation.

McKinsey to cut 360 jobs as client demand slows down, these roles to be affected

Livemint

Livemint · 1y ago

McKinsey to cut 360 jobs as client demand slows down, these roles to be affected

Global consulting firm McKinsey & Co. is planning to cut around 360 jobs worldwide, which would affect 3% of its specialist and technically-skilled workforce. The job cuts will impact various divisions, including design, data engineering, cloud, and software, as McKinsey adjusts its capabilities to align with client priorities. This move comes as the consulting industry faces a slowdown in demand, leading to job cuts by other firms as well. Despite generating record revenue last year, McKinsey has recently warned consultants about performance improvements and offered exit options to UK-based employees.

The Path To Gender Equity In Leadership: Decoding Challenges And Solutions

Inc42 · 1y ago

The Path To Gender Equity In Leadership: Decoding Challenges And Solutions

The article discusses the importance of diversity in the startup ecosystem and the need for gender equity in leadership positions. It highlights the progress made in recruiting women in leadership roles and the increase in women-led startups. The article also addresses challenges like the glass ceiling, sticky floor, and implicit hurdles that women face in their career progression. It suggests steps to achieve gender diversity, including addressing biases in hiring processes, promoting women leaders, offering skill-building opportunities, and providing support to female leaders.

Candere Hurun List 2025: Kotak Mahindra Bank’s Shanti Ekambaram leads India’s top women professionals

Business Today

Business Today · 2m ago

Candere Hurun List 2025: Kotak Mahindra Bank’s Shanti Ekambaram leads India’s top women professionals

Shanti Ekambaram, Deputy Managing Director of Kotak Mahindra Bank, tops the 2025 Candere Hurun India Women Leaders List. Celebrating influential Indian women across business and innovation, Ekambaram, at 62, leads a ₹3.82 lakh crore enterprise, noted for digital banking advancements and financial inclusion. The list, by Candere and Hurun India, highlights 97 women across five pillars—Wealth Creation, Value Creation, Philanthropy, Start-ups, and Culture, with leaders representing over ₹11.7 lakh crore in value.

Bank of America names Infosys US unit for over 57,000 users data leak

Economic Times

Economic Times · 1y ago

Bank of America names Infosys US unit for over 57,000 users data leak

Bank of America has identified Infosys McCamish Systems as the source of a data leak resulting from a ransomware attack that affected over 57,000 users in November. The breach compromised data such as names and social security numbers. While it is unclear if other banking customers of Infosys were affected, the incident led to a hit on Infosys' operating margins and the termination of a $1.5 billion deal. Bank of America will provide affected users with complimentary identity theft protection services.

How These Women Entrepreneurs Support Other Women to Succeed

StartupTalky

StartupTalky · 1y ago

How These Women Entrepreneurs Support Other Women to Succeed

Women entrepreneurs and professionals are increasingly recognizing the importance of supporting and empowering other women in the workplace. Initiatives such as flexible working hours, maternity leave accommodations, and equal opportunities for hiring and promotions are being implemented to create a supportive environment. Many successful women leaders are actively providing guidance, mentorship, and networking opportunities to aspiring women entrepreneurs. Through their businesses, they are also contributing to uplifting marginalized women by providing training, employment, and access to essential products and services. The focus is on creating gender equality, breaking stereotypes, and fostering a collaborative and empowering environment for women to thrive in their careers.

Stay up-to-date on the amount of venture dollars going to underrepresented founders

TechCrunch · 1y ago

Stay up-to-date on the amount of venture dollars going to underrepresented founders

Venture capital funding for women and Black/brown founders has historically been inadequate. In 2021, funding for Black founders reached record levels, but experienced a significant decline as DEI measures retreated. Women founders have consistently received around 2% of funding in recent years, while mixed-gender teams have seen increased funding. However, funding for solo women founders remains challenging. In addition to Black and women founders, other marginalized communities such as Latino founders and LGBTQ+ founders also face obstacles securing investor capital. Marginalized founders in Europe also share their experiences and aspirations to access the US market.

ChatGPT hits 200 million active weekly users, but how many will admit using it?

Arstechnica

Arstechnica · 12m ago

ChatGPT hits 200 million active weekly users, but how many will admit using it?

OpenAI's ChatGPT has seen its user base double since November 2023, attracting over 200 million weekly active users. The company also revealed that 92% of Fortune 500 companies are now using its products, indicating the increasing adoption of generative AI tools in the corporate world. Despite skepticism about the long-term viability of generative AI, OpenAI claims that people are using its services in record numbers, although some users may not readily admit to using it due to organizational prohibitions against generative AI. Other companies, such as Microsoft and Google, are also competing in the generative AI space.

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