Management & Strategy
Toyota Motor announces upcoming CEO change - 02/09/2026
Toyota Motor, the world's largest automobile manufacturer, will replace its Chief Executive Officer starting on April 1. According to the company press release, Kenta Kon, who is currently leading the corporation's finance division, will take on the role of new CEO and president of Toyota Motor. In April 2023, Koji Sato took over as the CEO of Toyota, following Akio Toyoda, who is the grandson of...
Pinterest to cut 15% of staff - 01/28/2026
American Pinterest Inc., which operates the widely used online visual bookmarking platform, has announced its intention to reduce office space and cut staff by less than 15%, according to a statement released on the website of the U.S. Securities and Exchange Commission (SEC). These actions are meant to support major transformation efforts, such as reallocating resources to AI experts and teams...
Staff reductions at leading US banks in 2025 reach the highest in nine years - 01/16/2026
In 2025, leading U.S. banks plan to reduce their workforce by a total of 10,600, which is the highest number of job cuts in nine years. As of the end of December, the combined number of employees at six major financial institutions – JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc., and Morgan Stanley – was 1.09 million, the lowest...
Meta to lay off over 1,000 employees in virtual reality division - 01/14/2026
Meta Platforms plans to cut jobs for more than 1,000 workers in its Reality Labs team, which makes virtual reality products, reports Bloomberg referring to the company’s internal memo. Employees who will be let go will start getting official notices as early as Tuesday. The layoffs are predicted to impact about 10% of the team, which currently has around 15,000 people working there. The company...
Tesla board members earn over $3 billion from stock options - 12/16/2025
Members of Tesla's board of directors have received over $3 billion in earnings from stock options, according to a report by Reuters, which references an analysis by Equilar. Notably, Kimbal, the brother of CEO Elon Musk, has earned approximately $1 billion since 2004, based on the increase in the value of both exercised and unexercised stock options. Ira Ehrenpreis has earned $869 million...
Eni distributes 3 million shares to its employees in 2025 as part of its employee support plan - 12/03/2025
In 2025, the Italian oil and gas company Eni distributed more than 3 million shares to over 26,000 employees through its Employee Stock Ownership Plan (ESOP). The initiative was also extended to most of the company's operating countries. According to Eni, participation exceeded 70% among 6,200 employees in 37 countries. In Italy, the number of participants reached 22,700 employees, which is about...
JPMorgan plans to build new headquarters in London - 12/01/2025
JPMorgan Chase & Co. has announced its plans to construct a new headquarters in London for as many as 12,000 employees. The Canary Wharf development is being created by Norman Foster's Foster + Partners. Foster previously created JPMorgan's headquarters in New York, which opened in October. The upcoming structure will be among the largest in Western Europe. Its floor space will be around 3...
Cybertruck Head to leave Tesla after eight years - 11/11/2025
Siddhant Awasthi, who was in charge of developing and producing the Cybertruck electric pickup at Tesla, is leaving the company, as mentioned in a LinkedIn post. In addition to other roles, Awasthi was responsible for the product strategy, quality improvements for the Cybertruck, and managing the supply chain. Last July, he was appointed as the head of the team working on the Model 3 sedans....
Musk to leave Tesla if he doesn't receive $1 trillion compensation package - 10/29/2025
Tesla's chief executive, Elon Musk, might step down from his position if shareholders do not approve a new compensation plan. According to Robyn Denholm, the company's chairperson, the proposed plan would reward Musk with a total of $1 trillion over a period of ten years. Denholm explained in a letter to shareholders that the board's suggestion is meant to encourage Musk to continue leading the...
Bernard Arnault buys €1.4 billion worth of LVMH shares in eight months - 10/28/2025
French billionaire Bernard Arnault bought shares worth about €1.4 billion in the luxury goods company LVMH over eight months ending mid-September, as reported by the Euronext Paris website. Arnault acquired approximately 2.5 million shares, which represent 0.5% of the company, at an average price of €566 per share. These purchases were made through the holding companies Financiere Agache and...
