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Six notable CEOs who left their jobs within months

Livemint

Livemint · 1y ago

Six notable CEOs who left their jobs within months

Laxman Narasimhan, former CEO of Starbucks, has joined the ranks of high-profile executives who have left their positions in less than two years. Narasimhan stepped down after approximately 16 months in the role. The average tenure for departing CEOs in the S&P 500 is around eight years. Short CEO tenures are often a result of pressure from company founders, activist investors, or a realisation that a new strategy is failing. Some notable examples include Ron Johnson at J.C. Penney, John Flannery at General Electric, and Bob Chapek at Disney.

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Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Entrackr

Entrackr · 2y ago

Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Around 20 Indian startup CEOs have left their positions within the first eight months of 2023, a noticeable increase compared to previous years. Fintech and edtech sectors have seen significant CEO exits, driven by factors such as financial wrongdoings and company transitions. Companies like BharatPe and DealShare faced both CEO departures and layoffs. The trend started in 2022 when BharatPe and Zilingo saw top level exits including their former CEO & MD Ashneer Grover and CEO Ankiti Bose.

Indian founders are quitting at a rapid pace

Inc42 · 1y ago

Indian founders are quitting at a rapid pace

Over 30 Indian startup founders and CEOs left their roles in 2023 amid challenges like the extended funding winter, economic pressures, and business restructuring. Notable exits include founders from Zomato, ShareChat, Teachmint, and ZestMoney, among others. Some stepped down for personal aspirations or to pursue new ventures, while others left amid governance issues. Second-time founders also contributed to the creation of new startups. The leadership changes reflect the dynamic landscape of India's startup ecosystem in response to evolving challenges.

‘He screamed in my face’: Howard Schultz reveals Steve Jobs's intense advice

Livemint

Livemint · 1y ago

‘He screamed in my face’: Howard Schultz reveals Steve Jobs's intense advice

Starbucks' former CEO, Howard Schultz, shared an incident where Steve Jobs yelled at him to fire his entire leadership team. Schultz recounted the encounter during a phone call with Jobs in 2008 and a subsequent meeting at Apple's campus. Although Schultz initially thought Jobs was joking, Jobs insisted he was serious and said that Schultz should fire everyone. Eventually, Schultz fired most of his leadership team, except for the general counsel, within the predicted time frame of six to nine months. Schultz later regretted not taking Jobs' advice sooner.

Leveraging AI For Employee Engagement And Well-being In Modern Workplaces

Inc42 · 12m ago

Leveraging AI For Employee Engagement And Well-being In Modern Workplaces

LinkedIn's Emerging Jobs Report shows a significant rise of 74% in AI Specialist roles in India over the past four years. Companies are utilizing AI-driven platforms to tailor recognition programs based on individual employee profiles. One case study demonstrated that implementing Amara's AI-driven engagement tools resulted in a 30% increase in employee engagement scores within six months.

Mira Murati’s Thinking Machines Lab closes on $2B at $10B valuation | TechCrunch

TechCrunch · 2m ago

Mira Murati’s Thinking Machines Lab closes on $2B at $10B valuation | TechCrunch

Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, secured a $2 billion seed round, valuing the six-month-old startup at $10 billion. The company's focus remains undisclosed, yet it attracted investors due to Murati's reputation and other notable AI researchers on the team. Andreessen Horowitz led the round with participation from Conviction Partners. Murati, who briefly served as interim CEO of OpenAI, left after raising concerns about leadership.

Meet 5 workers who quit their jobs to work in AI — and find out how they pivoted into tech's hottest field

Business Insider

Business Insider · 1y ago

Meet 5 workers who quit their jobs to work in AI — and find out how they pivoted into tech's hottest field

Workers from various industries, including accounting, product management, defense, and music, have left their jobs to pursue careers in AI. They believe that there are abundant opportunities in the rapidly growing field. One example is Moritz Kremb, who started creating social media content about AI tools like ChatGPT and monetized it. Others, like Justin Fineberg and Jacqueline DeStefano-Tangorra, also left their jobs to start AI-related businesses. Learning AI skills can be challenging, but some individuals like Ted Lebantino leveraged online courses and mentorship to transition into AI roles. Industry skills from diverse backgrounds, such as music and accounting, have proven to be valuable in AI roles.

TCS' incentive to get candidates under 30 days

Livemint

Livemint · 1y ago

TCS' incentive to get candidates under 30 days

Indian IT services company Tata Consultancy Services (TCS) is offering incentives to its vendors for the quick hiring of senior employees, providing an additional ₹40,000 ($512) per candidate who joins within 30 days. However, the incentive is forfeited if the employee leaves within six months. The move indicates that TCS is expecting an uptick in market demand and requires experienced employees to implement projects. TCS declined to comment on the matter.

Rapido, other bike taxi services can't operate in K'taka, to be suspended in 6 weeks: HC

Inshorts · 4m ago

Rapido, other bike taxi services can't operate in K'taka, to be suspended in 6 weeks: HC

Karnataka High Court ruled that bike taxi services like Rapido cannot operate in Karnataka until state government notifies relevant guidelines and rules. The HC directed Karnataka government to ensure all bike taxis cease to operate within six weeks. Asking the government to frame rules in three months, HC said, "A person who denies change becomes the architect of decay."

200,000 users use Netclan to find jobs and customers locally

Inshorts · 10m ago

200,000 users use Netclan to find jobs and customers locally

Delhi entrepreneurs Brijesh and Ajay Bidyarthy launched Netclan, a global hyperlocal networking app in 2020. The app connects over 200,000 users for jobs, dates, and business opportunities within their local ecosystems. With a presence in 500+ Indian cities and expansion into over six countries, Netclan facilitates connections among businesses, individuals, and merchants in real-time.

Netflix prepares to send its final red envelope

Economic Times

Economic Times · 1y ago

Netflix prepares to send its final red envelope

Netflix is closing down its DVD distribution plant, marking the end of an era. The warehouse in Anaheim used to process 1.2 million DVDs per week, but now only has six employees left. The rise of streaming services has rendered DVDs obsolete from a business perspective, with Netflix's streaming revenue for the first six months of 2023 reaching $6.5 billion compared to $60 million in DVD revenue. While some loyal DVD customers are devastated by the closure, Netflix is allowing them to keep their final rentals.

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