Tag: Chief executive officer

Business

Starbucks CEO Values China Business Over $10 Billion Amid Partnership Talks

Starbucks leadership has signaled the company’s China business could be worth significantly more than previous estimates. The coffee chain is reportedly seeking strategic partnerships to navigate increasing local competition while maintaining a stake in the valuable market.

Starbucks China Business Valued “North of $10 Billion”

Starbucks CEO Brian Niccol has reportedly indicated the company’s China operations are worth more than previously estimated, with sources suggesting the value exceeds $10 billion. According to reports from CNBC’s Jim Cramer, the chief executive officer communicated that this valuation includes upfront investment from potential partners, Starbucks’ retained stake in the China business, and future royalty payments.

by Samuel Kim
BusinessInnovation

AI Blurs Job Roles: Figma CEO Reports Rise of ‘Product Builder’ Workforce

According to Figma CEO Dylan Field, traditional job titles are rapidly merging as AI tools enable professionals to work across disciplines. Field’s research shows 72% of respondents attribute role expansion to AI tools, with non-designers increasingly engaging in design tasks. The shift suggests companies are moving toward a “product builder” model where specialization coexists with broader capabilities.

AI-Driven Role Convergence Accelerating

Traditional job boundaries between designers, engineers, and researchers are rapidly dissolving as artificial intelligence tools make specialized knowledge more accessible, according to reports from Figma CEO Dylan Field. In a recent podcast appearance, Field stated that he has observed a “shifting and merging of roles” over the past five years and expects this trend to accelerate significantly in the coming half-decade.

by Priya Kapoor
BusinessEconomy

Nestle Announces Major Workforce Reduction as New CEO Accelerates Turnaround Strategy

Food giant Nestle will eliminate approximately 16,000 positions globally as part of an accelerated turnaround strategy under new leadership. The cuts come despite the company reporting better-than-expected organic growth of 4.3% in the third quarter, with the restructuring aiming to improve operational efficiency.

Major Workforce Reduction Announced

Nestle will cut approximately 16,000 jobs worldwide, representing about 6% of its global workforce, as new CEO Philipp Navratil accelerates the company’s turnaround efforts, according to reports released Thursday. The consumer goods giant stated that 12,000 white-collar positions will be eliminated immediately, with an additional 4,000 roles to be reduced over the next two years.

by Samuel Kim