All articles tagged with #headcount
Ericsson plans to reduce up to about 1,600 positions in Sweden as part of global cost-improvement efforts, submitting a notice to the Swedish Public Employment Service and opening negotiations with trade unions to balance savings with ongoing investments in technology leadership and programmable networks.
Citi CEO Jane Fraser told employees to raise the performance bar for 2026, demanding a more commercial, results-focused approach as the bank presses ahead with its Transformation to automate processes and cut costs. The plan to reduce up to 20,000 jobs over three years continues, with CFO Mark Mason noting headcount should decline further as AI investments progress. Citi also reported about $85 billion in revenue for 2025 and is reshaping leadership to emphasize AI-driven growth and North American talent needs in investment banking and wealth management.
Pop artist Sabrina Carpenter has registered more new voters for the 2024 US presidential election than any other artist, with 35,814 new registrations through her collaboration with HeadCount. The organization, which partners with musicians to engage voters, also noted that Green Day's tour set a record for voter engagement. HeadCount's efforts, involving over 100 artists, resulted in over 450,000 new voter registrations and engagement with over 3 million people. The election features a tight race between Kamala Harris and Donald Trump.
Sabrina Carpenter has engaged over 260,000 voters and registered more than 35,000 new voters ahead of the 2024 presidential election, breaking a record previously held by Ariana Grande. Partnering with the nonpartisan organization HeadCount, Carpenter used her "Short n' Sweet" tour to encourage voter participation through giveaways and contests. Her efforts are part of a broader trend of celebrities, including Taylor Swift and Beyoncé, urging fans to vote as Kamala Harris and Donald Trump compete for the presidency.
Sabrina Carpenter has registered more voters than any other artist ahead of the 2024 presidential election, with 35,814 new registrations during her Short n’ Sweet tour. Partnering with HeadCount, she also engaged over 263,000 additional voters through various initiatives. HeadCount, which collaborates with numerous artists, registered over 450,000 new voters this year, highlighting the influence musicians have in encouraging democratic participation.
Sabrina Carpenter has set a new record for voter engagement in 2024 through her collaboration with HeadCount, registering over 27,000 new voters and engaging more than 183,000 through her "Short n’ Sweet" tour. This achievement surpasses any other artist's efforts this year. HeadCount, a nonpartisan organization, also noted that Green Day's "Saviors Tour" broke their all-time record for voter engagement on a single tour. The initiative aims to boost young voter participation, with over 80% of new registrations coming from Gen Z and Millennials.
Leaked court documents from an ongoing antitrust case reveal that Valve, the company behind Steam, has maintained a surprisingly low headcount, never exceeding 400 employees, with 336 staff members in 2021. Despite this, Valve's payroll has significantly increased, reaching $157 million in 2021. The data also highlights the company's reliance on outsourcing and the growth of its hardware division, although it does not cover the impact of the Steam Deck launched in 2022.
A survey conducted by Wells Fargo's Legal Specialty Group reveals that while headcount in the legal sector has increased, attorney productivity has reached a historic low. The survey, which includes 130 firms, shows a 3.9% increase in lawyer headcount but a 4.1% decline in productivity. Despite the drop in demand, most firms are choosing to wait it out rather than resorting to layoffs or associate deferrals. The survey also found a decrease in billable hours per lawyer, with an annualized pace of just 1,538 hours compared to last year's high of 1,688 hours. However, firms have seen a 4.4% increase in revenue, largely due to higher billing rates.
Paramount Global has announced a major dividend cut to 5 cents per quarter, saving the company $500m annually, citing the importance of financial flexibility given strong macroeconomic headwinds. The company is also preparing to sell Simon & Schuster and taking a disciplined approach to headcount. The move has surprised investors, with shares currently down 23%.