Pinterest is cutting around 15% of its workforce as it shifts resources to artificial intelligence, according to a Tuesday (Jan. 27) filing with the Securities and Exchange Commission. The layoffs will affect about 700 workers, The Wall Street Journal reported Tuesday. Pinterest said in the...
Wells Fargo appointed Amazon Web Services (AWS) executive Faraz Shafiq as head of AI products and solutions, effective Feb. 9. Shafiq will oversee the vision, roadmap and development for artificial intelligence-powered products across the bank and will report to Saul Van Beurden, head of AI...
British digital bank Monzo is reportedly creating an expanded role for departing CEO TS Anil. That’s according to a report Sunday (Jan. 18) by the Financial Times (FT), which says this new role comes in the wake of shareholder backlash to the announcement of Anil’s...
Walmart Inc. named new leaders of Walmart U.S., Walmart International and Sam’s Club U.S. David Guggina, executive vice president and chief eCommerce officer for Walmart U.S., will become president and CEO of Walmart U.S., effective Feb. 1, the company said in a Friday (Jan. 16)...
Airbnb has named a former Meta AI executive to lead its tech operations. Ahmad Al-Dahle, who previously oversaw Meta’s generative artificial intelligence (AI) efforts, has been hired as chief technology officer of the short-term rental platform the company announced Wednesday (Jan. 14). “Ahmad is joining...
Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources. The bank said when announcing the plan that it would eliminate 20,000 jobs by the end of 2026, and it still needs...
Berlin-based embedded finance platform Solaris has a new chief executive. Carsten Höltkemeyer, the firm’s CEO, stepped down at the end of 2025, the company said in its announcement last week. Steffen Jentsch, chief information officer and chief process officer for FinTech flatexDEGIRO AG, will take his place. “Jentsch brings a...
HSBC appointed former Citi Private Bank global head Ida Liu as CEO of HSBC Private Bank, effective Jan. 5, 2026. Liu will focus on deepening HSBC’s leadership with ultra-high net worth (UHNW) clients, strengthening cross-border connectivity and accelerating the growth of the Private Bank globally,...
The Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) have new leaders. The Senate voted Thursday (Dec. 18) to confirm Michael Selig as commissioner of the CFTC and Travis Hill as chairperson of the board of directors of the FDIC. Both were among a...