Google to restructure finance team ahead of AI push: Reports
CFO Dive
APRIL 18, 2024
The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.
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CFO Dive
APRIL 18, 2024
The restructuring is the latest round of layoffs by Alphabet as the company looks to funnel more than $100 billion into AI projects.
CFO Dive
DECEMBER 7, 2023
The bank’s biggest restructuring in a decade is hitting group finance chiefs as Citi seeks to trim expenses over the next two years.
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CFO Dive
APRIL 24, 2023
In a memo to employees from CFO Christine McCarthy that was later leaked, she outlined plans for changes to the structure of the company’s financial team, according to a Business Insider report.
CFO Dive
APRIL 23, 2023
Restructuring expert Holly Etlin, named Bed Bath & Beyond’s interim finance chief in February, stepped into the roles of CFO and chief restructuring officer Saturday.
CFO Dive
JANUARY 5, 2024
The CVS Health executive is taking on the top finance seat as it looks to get back on track following a corporate restructuring, company-wide layoffs, and rising costs.
Future CFO
JANUARY 18, 2024
Communicating the rationale for restructuring can be sound simple, but is actually requiring more than just a mere meeting with the team. As a finance leader , it is important that topics such as restructuring is properly and effectively communicated to the people to ensure that the team is on the same page.
Future CFO
JANUARY 11, 2024
CFOs must lean on a systematic phased approach to restructuring strategies for the future to be able to plan correctly , and consequently execute and adapt. Phase 1 – The case for change In the initial phase, finance leaders must make a compelling case for change and communicate the strategic rationale behind the restructuring.
CFO Thought Leader
OCTOBER 18, 2023
943: Finding the Path Forward | Donald McClure, CFO, Identity Digital MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately.
CFO Thought Leader
MAY 20, 2024
Back in 2001, Lafouge stepped into a pivotal finance leadership role with Technip, a technology provider to the energy industry. Read More Lafouge’s journey from the complexities of a country marked by political instabilities to his current role as CFO at Spendesk is a testament to his knack for building teams and uprooting borders.
CFO Thought Leader
OCTOBER 17, 2023
Back in 2017, Donald McClure had only recently been appointed vice president of FP&A at Brinks Home Security when the company’s CFO at the time decided that it was the right time for retirement. Jack Sweeney “Don’t rigidly plan your career by focusing too much on a destination many years down the road.
CFO Thought Leader
APRIL 23, 2024
Ask any CFO about their career-building years, and they will likely attribute their success to their adaptability and ability to render strategic insight. This chapter of his career highlights a key lesson for finance professionals: Success often depends on the ability to manage not just numbers but also change.
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
CFO Share
APRIL 25, 2024
Working tirelessly to break through the morass, founders often focus too much on sales and operations while under leveraging the skills of a CFO. What is the role of a CFO in reviving a financially troubled business? What does a CFO do when your business is in trouble? What does everyone else think?”
Beacon CFO Plus
JANUARY 30, 2024
When CFO Services Become a Strategic Imperative In the ever-evolving business landscape, the decision to bring in external expertise can have a major impact on your success. Regardless of your business’s size or industry, there comes a point where engaging with an outsourced CFO becomes necessary. appeared first on BeaconCFO Plus.
CFO Share
MARCH 16, 2021
As a turnaround CFO , I have seen too many good small businesses collapse under the weight of unmanageable debt. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding. Then I am hired to negotiate with lenders to help small businesses restructure debt and avoid folding.
CFO Thought Leader
APRIL 15, 2024
This principle of concentrated effort not only transformed his approach to investment management but also became a guiding principle throughout his career, which includes his latest stint as CFO of Semperis, a leading cybersecurity firm. Top-of-mind for Bray is a careful analysis of sales productivity and pricing integrity.
CFO Talks
MARCH 14, 2024
The initial period of a new CFO’s tenure is pivotal for setting the groundwork for future success. In this critical time, a CFO must swiftly grasp the unique challenges and opportunities of the organization and start working on the new CFO responsibilities and strategies.
CFO Thought Leader
FEBRUARY 19, 2024
When PwC partner and relentless champion of shareholder value Marc Suidan stepped into the CFO office at The Beachbody Company in April 2022, intrigue was bound to follow. As a seasoned advisor to management, Suidan had contributed shareholder insights to the turnarounds and restructurings of dozens of businesses.
CFO News
JUNE 11, 2023
The group is currently undergoing a restructuring process where it will amalgamate its finance subsidiaries, L&T Finance, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited with the listed L&T Finance Holding Ltd to simplify the corporate structure and enable greater focus on retail financing.
Future CFO
JANUARY 12, 2023
The top CFO priority in 2023 is evaluating finance function strategy, scope and design, said Gartner recently. But CFOs have to prepare for stretching themselves beyond this top CFO priority this year. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with,” said Horvat.
CFO Leadership
AUGUST 12, 2021
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y.
CFO News Room
FEBRUARY 3, 2022
A parliamentary panel has asked the government to explore new and innovative tools to deal with the issue of financial constrains in the renewable energy sector, including setting up of green banks and introduction of renewable finance obligation for financial institutions, among others. Financial Express is now on Telegram. Source link.
CFO News
DECEMBER 19, 2023
The Finance Ministry highlighted various initiatives taken by the Modi government, aimed at propelling India into a $5-trillion economy. The government cited the restructuring of corporate tax rates, the reduction of tax litigation, and the implementation of Goods and Services Tax (GST) as successful direct and indirect tax measures.
CFO Share
SEPTEMBER 19, 2022
The threat of a recession in 2023 could make you reluctant to take on new contractor expenses but engaging a Fractional CFO should be one major exception. Not sure if a fractional CFO is the right hire for your business? Before any planning can be done, a CFO will help you understand what a recession means for your business.
Future CFO
JANUARY 22, 2023
The war for finance talent will continue while 11% of positions in finance and controlling are vacant, said management consultancy Horváth recently when releasing the results of a recent survey. In other areas of finance, such as accounting, the need for staff shortages are is lower (32%).
Michigan CFO
SEPTEMBER 29, 2021
In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. The Evolving CFO Role in a Manufacturing Company. Using CFO Services to Overcome Challenges in Manufacturing.
Future CFO
NOVEMBER 1, 2023
Both tax and finance leaders are set to increase investment in digital transformation, said Thomson Reuters recently when releasing a report titled Digital Agendas: How Tax Compliance and Finance Leaders are Preparing for 2024. Over a quarter of respondents (26%) foresee restructuring their tax teams in the coming 12 months.
Future CFO
JANUARY 2, 2024
At the backend, a fast-paced financial restructuring was taking place. “We MAG was one of the first aviation groups to embark on a restructuring during the pandemic. This proved to be a challenging feat as MAG has over 75 major creditors/lessors from across the world impacted by the restructuring.
Future CFO
FEBRUARY 26, 2020
Many companies in Asia Pacific will be forced to restructure operations to stay afloat if the new Coronavirus outbreak (COVID-19) worsens, said Tricor Group that recently released its COVID-19 Business Sentiment and Resilience Barometer Report. . Key findings .
CFO Talks
FEBRUARY 2, 2024
Companies opted for Wednesdays off, fortnightlies, or restructuring hours to meet the 20% target. Conclusion: Considering various initiatives such as the 4-day workweek becomes increasingly important for CFOs. The CFO community of CIBA fosters collaborative learning and knowledge sharing.
CFO News
JANUARY 5, 2023
"Collection efficiency maintained at 99% plus, with restructured and NPA books showing healthy collections. The bank continues to focus on stressed buckets and reducing incremental overdues," Ujjivan said in a regulatory filing to stock exchanges.
Future CFO
JANUARY 14, 2024
If finance leaders will focus on activities that drive value, fostering a culture of cost consciousness, and communicating the rationale for restructuring, organisations can position themselves for long-term growth and create a more positive and resilient work environment.
CFO Talks
MARCH 13, 2024
Assuming the position of Chief Financial Officer (CFO) in a new company is a pivotal moment in any finance executive’s career. Today’s CEOs expect their CFOs to be strategic visionaries, business partners, effective communicators, and creators of value.
Future CFO
JULY 25, 2023
While CFOs and CEOs agree on growth as their top strategic business priority, their emphasis on this and other priorities differ, Gartner pointed out. For instance, CFOs’ second top strategic business priority is corporate action such as M&A and restructuring (41%), which ranks fourth for CEOs (27%), the firm added.
CFO News
OCTOBER 11, 2023
India's Finance Minister, Nirmala Sitharaman, met with US Treasury Secretary Janet Yellen to discuss the policy priorities of the International Monetary Fund (IMF) and how it can support its members.
Future CFO
MAY 24, 2020
The modern CFOs bear the traditional and constant struggle to ensure that the company has sufficient working capital to keep the business going, while being fully compliant with all statutory and regulatory requirements relating to finance matters. How the tax and finance function is evolving. Best-in-class versus best-in-cost.
CFO News
JULY 18, 2023
IMF chief Kristalina Georgieva raised concern at a meeting of G20 finance ministers on Wednesday that the debt restructuring process needed to be made speedier and more efficient.
CFO Talks
AUGUST 23, 2023
Nonkululeko Gobodo’s advice for shattering glass ceilings Written by: Leigh Schaller Nonkululeko Gobodo, one of the founders of what would become South Africa’s largest black-owned accounting firms as well as the first black female CA(SA) spoke to Chwayita Deliwe, co-owner of CN Outsourced Finance on the CFOClub Podcast.
Fpanda Club
SEPTEMBER 2, 2021
The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.
CFO News
APRIL 14, 2023
India's finance minister, Nirmala Sitharaman, has urged for timely restructuring of loans of poor nations, adding that international debt issues are closely linked with global poverty challenges. Half of the world's low-income countries are at high risk of being under excessive debt, together paying back $326bn.
CFO News
DECEMBER 12, 2022
The sale is part of Aditya Birla Capital Chief Executive Officer Vishakha Mulye’s efforts to restructure the company’s businesses, which range from asset management to mortgage financing, in order to boost shareholder returns, the people said.
PYMNTS
MAY 8, 2018
He has done an amazing job as Snap’s first CFO, building a strong team and helping to guide us through our transition to becoming a public company.”. He’s served as vice president of finance, for example, and he has supervised the integration of Whole Foods. The news comes weeks after Snap reportedly laid off 100 employees.
Future CFO
FEBRUARY 13, 2023
Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added.
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