Instagram has reportedly told 60 technical program managers that they must find another job at the company or be let go in two months. The Meta-owned social networking app is eliminating a management layer as part of its parent company’s ongoing efforts to boost efficiency, Seeking Alpha reported Friday...
Ally Financial named its president of dealer financial services, Douglas Timmerman, as its interim CEO. Timmerman will assume the role Feb. 1, following the departure of current CEO Jeffrey J. Brown Jan. 31, the company said in a Friday (Jan. 12) press release. Ally Financial...
InvestCloud, a global provider of wealth and asset management solutions, has announced the appointment of Jeffery W. Yabuki as its new chairman and CEO. Yabuki brings extensive experience in the financial technology industry and will lead InvestCloud’s strategy and operations, InvestCloud said in a Wednesday (Jan. 10) press...
Item-level receipt data platform Banyan has named financial industry veteran Alpesh Chokshi as president. Chokshi, whose appointment was announced Tuesday (Jan. 9), joins Banyan following a stint as global head of business development for personal banking and wealth at Citi. He has also held positions at Visa and American...
India-based digital payments company PhonePe has appointed TerraPay veteran Ritesh Pai as CEO — International Payments, saying he will lead the company’s global expansion plans. “Ritesh has been an early believer and staunch supporter of the company and was very instrumental in our early UPI[Unified...
Sony Ventures, the dedicated investment team of Sony Group, has appointed 27-year Sony Group veteran Kazuhito Hadano as its new CEO, effective Jan. 1. Gen Tsuchikawa, the previous CEO and chief investment officer of Sony Ventures, will assume the new role of chairman of Sony Ventures, the company...
Two California Pizza Hut locations are eliminating in-house delivery, resulting in 1,200-plus driver layoffs. The job cuts impact Pizza Hut delivery drivers across California, including at Sacramento, Palm Springs and Los Angeles locations, Business Insider reported Tuesday (Dec. 26), citing federal employment notices. The franchisees...
The co-CEOs of digital insurance company Lemonade will return to their previously held positions on Jan. 1. Shai Wininger will return to the position of president, while Daniel Schreiber will again be CEO, Lemonade said in a Wednesday (Dec. 20) filing with the Securities and Exchange Commission (SEC). The company’s board of directors appointed...
Opendoor Co-founder Eric Wu will resign from the company effective Jan. 1. Wu will leave his roles as president of marketplace and a member of the board of directors but will remain an advisor to the company and the board, Opendoor said in a Friday...