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Target CEO steps down as company faces weak sales and customer boycott | Business
The CEO of Target is stepping down, as the embattled retail giant seeks to turn around its fortunes amid an ongoing customer boycott over its scaling back of diversity, equity and inclusion (DEI) initiatives. Brian Cornell will be replaced next year by , Target’s chief operating officer, the company said on Wednesday. Cornell helped re-energize the company when he became …
Read More »Target’s CEO is stepping down as customers turn away
Facebook Tweet Email Link New York — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company, but it opted for an internal candidate: …
Read More »Target picks Michael Fiddelke as CEO to replace Brian Cornell
Target’s Chief Operating Officer Michael Fiddelke will take over as CEO from Brian Cornell. Courtesy of Target Target on Wednesday said that company veteran Michael Fiddelke will become its next CEO at a critical point in its effort to break out of a sales slump and win back Wall Street’s favor. Fiddelke, the company’s 49-year-old chief operating officer and former …
Read More »Obsidian’s CEO on why productivity tools need community more than AI
Welcome to Decoder! This is Casey Newton, founder and editor of Platformer and cohost of the Hard Fork podcast. I’ve had a lot of fun guest-hosting a few episodes of Decoder while Nilay is out on parental leave this summer. If you listened to the last couple of Monday shows, you know I’ve been doing a series with founders who …
Read More »Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball’ approach for uncovering hidden AI geniuses in the new era
As AI becomes more ubiquitous, the need for the top-tier talent at tech firms becomes even more important—and it’s starting a war among Big Tech, which is simultaneously churning through layoffs and poaching people from each other with eye-popping pay packages. Meta, for example, is dishing out $100 million signing bonuses to woo top OpenAI researchers. Others are scrambling to …
Read More »This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again
Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, is unwavering as he reflects on the most radical decision of his decades-long career. In early 2023, convinced that generative AI was an “existential” transformation, Vaughan looked at his team and saw a workforce not fully on board. His ultimate response: He ripped the company down to the studs, replacing nearly 80% of …
Read More »Duolingo CEO says controversial AI memo was misunderstood
While Duolingo CEO Luis von Ahn was loudly criticized this year after declaring that Duolingo would become an “AI-first company,” he suggested in a new interview the real issue was that he “did not give enough context.” “Internally, this was not controversial,” von Ahn told The New York Times. “Externally, as a publicly traded company some people assume that it’s …
Read More »UFC CEO Dana White shares odds for Jon Jones returning at proposed White House event
Dana White has given his thoughts on the odds of Jon Jones making his return to the UFC at the White House event. As we know, Jon Jones is currently on the outside looking in at the world of mixed martial arts – and, more specifically, the Ultimate Fighting Championship. While many consider him to be one of the greatest …
Read More »This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again
Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, is unwavering as he reflects on the most radical decision of his decades-long career. In early 2023, convinced that generative AI was an “existential” transformation, Vaughan looked at his team and saw a workforce not fully on board. His ultimate response: He ripped the company down to the studs, replacing nearly 80% of …
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