Thu.Jan 12, 2023

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List of Layoff Announcements So Far in 2023

The Finance Weekly

While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. We are only a few weeks into the year and there have already been some massive layoff announcements from big companies such as Amazon and Salesforce. In 2022, more than 120 large U.S. companies conducted major rounds of layoffs, cutting nearly 125,000 employees, according to , Forbes’ layoff tracker.

Economics 105
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CEOs brace for recession, CFOs eye costs

CFO Dive

C-suite leaders remain focused on weathering a coming recession, but slowing wage growth and inflation is sparking a shift in cost optimization strategies.

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Trending Sources

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Managers, Stop Distracting Your Employees

CFO News Room

The rise of remote work has made corporate leaders paranoid, thinking they must monitor their employees’ every digital move in order to maintain productivity. But while people often zero in on Facebook, TikTok, or Netflix as potential sources of employee distraction, in truth, we’re often more distracted by the ways in which we work today. The author offers four strategies to help managers get to the root causes of what’s distracting their employees: 1) Open a dialogue about distractions; 2) Sch

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Biotech CFOs sharpen financing tactics for lean times

CFO Dive

In today’s challenging market, some biotech companies are going the extra mile to keep their existing investors, reopening earlier rounds and moving to rolling closings.

Finance 198
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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A Temporary Retreat or Long Term Pull Back?

CFO News Room

As inflation has taken center stage, markets have gone into retreat globally, and across asset classes. In 2022, as bond rates have risen, stock prices have fallen, and crypto has imploded, even true believers are questioning what the bottom for markets might be, and when we will get there. While it is easy to call the market movement in 2022 a correction and to argue that it is overdue, it is facile, and it fails to address the question of why it is happening now, and whether the correction is

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Chatbots Killed the Academic Star

CFO News Room

Having been an editor on three journals, I can say that the most difficult thing a journal must do is find referees. So I was thinking last week of how nice it would be to have a “refbot” (software that was trained on what made for a good, publishable article) to use as a referee. And then I suddenly realized that I was contemplating a new kind of singularity.

Economics 130
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Pension funding holds flat, higher costs loom

CFO Dive

Pension and retirement plans can be a key benefit that helps employers attract and retain workers. They may carry higher costs for companies in 2023.

Planning 144
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Cognizant, American Airlines, Logitech and more

CFO News Room

Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. . Carolyn Cole | Los Angeles Times | Getty Images. Check out the companies making headlines in midday trading. Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It also named Ravi Kumar S as CEO and a member of the board, effective immediately.

Startups 130
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Legal ops chiefs have opportunity amid cost-cut mandates

CFO Dive

The systems and processes they put in place could drive cultural change in how law departments carry out their day-to-day work.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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India a bright spot amid world disorder

CFO News

Business leaders across India are optimistic about the economy despite the gloomy world outlook.

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Kitces & Carl Ep 103: Balancing Client Responsiveness With The Proactive Sledgehammer Of Value

Nerd's Eye View

As comprehensive financial planning has become more widely adopted, many financial advisors have felt pressure to find new ways to differentiate themselves by demonstrating their unique value to clients. And while providing fee-only advice or highlighting service as a fiduciary may have once been a fair differentiator, these services are now often considered table stakes, necessitating financial advisors to find more creative solutions that show current and prospective clients that they provide

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Retail inflation eases marginally to 5.7% in December as food prices soften

CFO News

The number came within the Reserve Bank of India's (RBI) tolerance band of 2-6% for a second month in a row.

Retail 98
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U.S. inflation fell 0.1% in December; a sign of things to come?

Tips Watch

Data for three months indicate the I Bond’s variable rate could fall to 0.0%. What does it mean for investors? By David Enna, Tipswatch.com U.S.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Top CFO priority in 2023

Future CFO

The top CFO priority in 2023 is evaluating finance function strategy, scope and design, said Gartner recently. A survey of 157 CFOs in November 2022 indicates that 90% of respondents selected evaluating finance strategy, scope and design as the top CFO priority, followed by planning and sequencing finance transformation activities, the advisory firm noted.

CFO 52
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Venture capital funding in 2022 significantly decreased compared to 2021

Fox Corporate Finance

The ever-increasing venture capital funding for European life sciences companies halted in 2022. With a roughly EUR 9.6bn volume, the overall financing for European life sciences companies in 2022 decreased significantly compared to 2021 (EUR. Read more. The post Venture capital funding in 2022 significantly decreased compared to 2021 appeared first on FCF Fox Corporate Finance GmbH.

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RBI seeks action against PFS Chief over alleged violations

CFO News

The central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the house in order, is said to be concurring with the forensic audit conducted by the company, which found out violations, including evergreening of loans.

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Inflation Comes Down Despite the Fed

Barry Ritholtz

CPI for December 2021 came in as expected , showing a decrease in core inflation is driven primarily by falling gasoline prices. Most in the media have credited the aggressive action by the Federal Reserve in helping to lower rates of inflation, but I have a decidedly different view: Inflation has come down not because of but despite the rate-increasing regime of the Federal Reserve.

Economics 116
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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FM Nirmala Sitharaman stresses on need to push for reforms in multilateral institutions

CFO News

"India appreciates the contribution of multilateral institutions and development banks in dealing with global challenges. However, with new challenges having emerged, including the Covid-19 pandemic, a major scale-up of response mechanisms is required and strengthening of multilateral institutions is a priority," Sitharaman said. She was speaking at the Voice of Global South Summit, a virtual summit spearheaded by Prime Minister Narendra Modi.

Banking 52
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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Fed Officials Ask How to Better Understand Inflation After Surprises : Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change. ( New York Times ). • Used-Car Prices Are Finally Dropping : Covid-era production snags and supply constraints for new rides sent prices for older ones skyrocketing.

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NCLT grants approval to PVR-Inox merger scheme

CFO News

"We would like to inform you that Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the Proposed Scheme today i.e., 12th January 2023. The copy of the detailed order is awaited and the same shall be disclosed to the Stock Exchanges as and when received by the Company," PVR said in a filing to the BSE.

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2:00PM Water Cooler 1/12/2023 | naked capitalism

CFO News Room

By Lambert Strether of Corrente. Bird Song of the Day. Giant Kingbird, Parque Nacional Alexander von Humboldt; Nuevo Mundo, Guantánamo, Cuba. “Habitat: Forest.” Lots of forest sounds. * * *. Politics. “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51. “Here’s food for thought, had Ahab time to think; but Ahab never thinks; he only feels, feels, feels” –Herman Melville, Moby Dick.

Economics 130
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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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CBI books former Finance Secretary Arvind Mayaram in alleged corruption case

CFO News

The first information report (FIR) registered by the agency stated that the competent authority of Department of Economic Affairs, Ministry of Finance, had accorded approval for an investigation against Mayaram. As per FIR, a complaint dated February 14, 2017, had been received from the joint secretary and central vigilance officer (CVO), Department of Economic affairs.

Finance 52
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Commercial vehicle sales may glide into pre-pandemic zone by FY23-end

CFO News

Industry estimates around 1.02 million commercial vehicles will be sold in the local market by the close of the fiscal year, aided by robust recovery in demand for small commercial vehicles (less than 3.5 tonne) and light & medium duty (LMD) trucks that will breach previous peaks.

Sales 52
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Tata Group making plans to set up EV battery manufacturing in Europe

CFO News

The Indian conglomerate is set to anchor a facility in Europe with its subsidiary Jaguar Land Rover, from where the company will sell battery packs globally, as well as using them to accelerate the British carmaker's shift to cleaner engines.

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Kamdhenu Ventures to list on stock exchanges this month: Group CMD

CFO News

The group also aims to garner a revenue of Rs 1,000 crore from the paints segment over the next five years, he said.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.