Female-focused dating app Bumble has named a new chief executive officer. Lidiane Jones, currently the CEO of Slack, will take the job at Bumble at the start of next year, the company announced in a Monday (Nov. 6) press release. Jones will succeed Whitney Wolfe...
Citigroup is reportedly weighing wide-ranging job cuts as part of its CEO’s reorganization plans. Managers and consultants at work on “Project Bora Bora” — the in-house code for CEO Jane Fraser’s restructuring — have talked about cuts of at least 10% across a number of Citi’s...
Klarna has reached an accord with its union workers as it apparently prepares to go public. The two unions — Engineers of Sweden and Unionen — had been prepared to strike this week if an agreement with the buy now, pay later (BNPL) company was...
Revolut hired 15-year financial sector veteran Francesca Carlesi to lead its United Kingdom operation. Carlesi, whose appointment as U.K. CEO was announced Thursday (Nov. 2), comes to Revolut from Molo, a digital mortgage lender she founded. She also held senior roles at Deutsche Bank, Barclays,...
Panera Bread is reportedly making significant changes to its corporate structure as its parent company Panera Brands prepares for an initial public offering (IPO). The company will be laying off approximately 17% of its 1,800 corporate staff, focusing on support-staff roles, the Wall Street Journal...
ACI Worldwide has appointed Abe Kuruvilla, formerly chief information officer at CoreLogic, as its new chief technology officer (CTO). Kuruvilla’s role will involve leading ACI’s innovation agenda and optimizing the development and delivery of its software solutions to banks, merchants and billers worldwide, the provider of real-time payments...
Magic Leap, an augmented reality (AR) platform, appointed Ross Rosenberg as its new CEO. Effective Nov. 1, Rosenberg, an experienced technology executive, will succeed Peggy Johnson, who is stepping down after guiding the company through a multiyear transformation into an AR platform, Magic Leap said...
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs. “We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in a limited number of roles being made redundant,” a spokesperson for the British banking giant...
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working with clients such as private equity firms and alternative asset managers, Reuters reported on Tuesday (Oct. 24). He will facilitate transactions involving...
