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Google to restructure finance team ahead of AI push: Reports

CFO Dive

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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Citi cuts multiple CFO roles as part of broad restructuring

CFO Dive

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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FASB update nixes separate accounting for troubled debt restructurings

CFO Dive

As an alternative to calculating TDR, creditors that have implemented current expected credit losses (CECL) standards are to disclose their restructurings for distressed borrowers.

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How finance leaders should communicate restructuring

Future CFO

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.

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The phases of strategy restructuring for CFOs

Future CFO

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.

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Disney to restructure finance team: CFO memo

CFO Dive

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.

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Tesla CFO eyes pullback in EV market amid slumping sales, restructuring

CFO Dive

Tesla is leaning on AI, layoffs and new autonomous projects to help boost its future sales after a disappointing first quarter.