Kroger CEO Takes Aim at Layers, Handoffs and Overhead
Kroger plans to remove about 3,000 corporate jobs over three years as its new CEO tries to strip out excess layers and move resources closer to customers.
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Bausch + Lomb Swaps CEOs Overnight, and Investors Blink
Brent Saunders left Bausch + Lomb by mutual agreement with the board, and chairman Thomas Appio took over as interim CEO effective immediately, while the shares slid more than 7%.
Sequoia Bets $30M That AI Can Make Trading Less Like a Casino
Two young founders who met over poker have raised a $30 million seed round led by Sequoia for AI agents that turn plain-language goals into trading strategies.
You Learned AI. Now Who Pays for It?
Most employees believe new AI skills deserve higher pay, but many employers see AI fluency as part of the job. The gap could push upskilled staff out the door.
Employers Expect AI Fears to Fuel Union Drives, Few Feel Ready
In a survey of 665 employer-side leaders, 87% expect unions to use AI anxiety to organize, yet only 9% feel very prepared for what comes next.
Bumble Swipes Right on Going Private in a $1.3 Billion Deal
Dating app Bumble has agreed to be acquired by Ithaca Holdings for $1.3 billion, trading the quarterly spotlight for room to rethink how people meet.