Termination news and trends

Luckin Coffee CEO and COO Fired After Fraud Probe
Personnel // May 12, 2020

An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant, the company announced on Tuesday (May 12). The probe was launched last month after Luckin’s board of directors was notified...

Visa Names Jack Forestell As Interim McCarthy Replacement
Personnel // December 04, 2017

Visa terminated Jim McCarthy, the EVP of innovation and strategic partnerships, on Friday (Dec. 1). According to the company, the cause for termination was reported to be behavior that violated company policy. McCarthy will be replaced on an interim basis by Jack Forestell, Visa’s global head of merchant sales and solutions....

Quick Reads
Walmart Reduces Corporate Workforce With Layoffs

July 30, 2020
Walmart has reduced its workforce by laying off hundreds in its logistics, real estate and retail location planning divisions as it simplifies its business and reduces its expenses, Bloomberg reported, citing unnamed sources. However, the retailer has reported consistently rising sales, and could be among the couple of large, well-performing companies amid the pandemic, the report […]

Luckin Coffee CEO and COO Fired After Fraud Probe

May 12, 2020
An internal investigation into alleged fraud at Luckin Coffee Inc. has led to the firing of several top executives at the Beijing, China-based java giant, the company announced on Tuesday...

Visa Names Jack Forestell As Interim McCarthy Replacement

December 04, 2017
Visa terminated Jim McCarthy, the EVP of innovation and strategic partnerships, on Friday (Dec. 1). According to the company, the cause for termination was reported to be behavior that violated company policy. McCarthy will be...