tldrdaily.news logo
Tag

Ceo Change

All articles tagged with #ceo change

PayPal plunges as dramatic CEO shift coincides with slowing growth
business22 days ago

PayPal plunges as dramatic CEO shift coincides with slowing growth

PayPal’s stock fell about 20% after it posted slowing growth in its branded-checkout business and announced a dramatic leadership change, naming Enrique Lores of HP as the new CEO effective March 1. Q4 branded-checkout growth slowed to 1% (currency-adjusted) from ~5% in the prior two quarters, with weakness in U.S. retail, international headwinds and tough comps cited. The company guided to a low-single-digit decline in adjusted EPS for the year, while pushing initiatives to boost a faster, biometrics-enabled checkout and capitalize on Pay With Venmo and BNPL to reignite growth. For Q4, payment volume was $475 billion (up 6% currency-neutral), revenue $8.68 billion, and adjusted EPS $1.23, missing some expectations.

via MarketWatch|
#business#ceo-change#digital-payments
Verizon Q3 2025 Earnings Surpass Expectations Despite Subscriber Challenges
business4 months ago

Verizon Q3 2025 Earnings Surpass Expectations Despite Subscriber Challenges

Verizon reported Q3 earnings that beat estimates with a profit of $1.21 per share and revenue of $33.8 billion, despite losing some wireless subscribers and missing revenue targets. The company announced a new CEO, Dan Schulman, who promises significant changes to improve performance. Verizon's stock rose slightly after the report, but the stock remains below its recent highs amid competitive pressures and strategic shifts, including a $20 billion acquisition of Frontier Communications.

via Investor's Business Daily|
#business#ceo-change#earnings
business4 months ago

Paramount Skydance to Initiate 2,000 Job Cuts by Late October

Paramount is expected to begin layoffs of around 2,000 employees before late October, ahead of CEO David Ellison's first earnings call in November. The layoffs are part of a broader strategy to improve efficiency and fund investments in growth areas, including major deals like UFC rights and content partnerships, across various divisions of the company.

via The Hollywood Reporter|
#business#ceo-change#company-strategy
Nestlé to Cut 16,000 Jobs Amid Turnaround Strategy
business4 months ago

Nestlé to Cut 16,000 Jobs Amid Turnaround Strategy

Nestle announced plans to cut 16,000 jobs to improve efficiency and accelerate growth under new CEO Philipp Navratil, leading to a 7.2% rise in its shares. The company posted better-than-expected Q3 organic growth of 4.3%, driven by strategic focus on successful brands and turnaround efforts, despite challenges in Greater China and past leadership upheavals.

via CNBC|
#business#ceo-change#job-cuts
business5 months ago

GSK CEO Walmsley to Step Down, Miels to Succeed Amid Stock Rally

Emma Walmsley, the first woman to lead a major pharmaceutical company, will step down as CEO of GSK on December 31 after over eight years, with Luke Miels set to succeed her. Despite strategic successes like spinning off Haleon, GSK's share performance has been underwhelming, with only modest growth and a significant decline since Walmsley's appointment.

via ABC News - Breaking News, Latest News and Videos|
#business#ceo-change#emma-walmsley