#corporate-strategy

#corporate-strategy

KPMG US has ended its DEI talent strategy, drawing scrutiny as part of a broader rollback of diversity efforts by major firms.

Broadcom has drastically reduced VMware's workforce by about half post-acquisition to enhance profitability.

PlayStation studios are not forced to develop live-service games but may choose to align with corporate initiatives for better project approval.

Verizon is leveraging AT&T's strict RTO policy to attract and recruit displaced AT&T employees with flexible job opportunities.

Cameo incentivizes employees to return to the office by offering $10,000 raises and benefits to create a more appealing work environment.

Salesforce has dropped explicit diversity hiring targets and removed references to diversity as a core value.

The company emphasizes a commitment to equality, complying with federal laws.

Intel has appointed Lip-Bu Tan as CEO, aiming to revitalize the company after a challenging period.

Tan aims to build on Intel's strengths and improve its position for the future.

Lip-Bu Tan appointed as Intel CEO amid industry challenges and previous leadership changes.

RTO mandates face significant challenges due to lack of office space and employee sentiment, emphasizing the need for cultural adaptation.

Digital and social media have transformed communications, shifting the roles of chief communications officers and press secretaries to be more adaptive and diverse.

Andrew Ross Sorkin critiques Apple's $500 billion investment as not entirely new, indicating it serves more to influence tariff relief than genuine economic commitment.

Aberdeen rebranded back from 'abrdn' to restore its traditional name after facing mockery.”],

extendedSummary

The 200-year-old asset manager, formerly known as abrdn, has reverted to its original name, aberdeen, in response to widespread mockery of its previous rebranding. CEO Jason Windsor articulated that this change aims to "remove distractions" and marks a new chapter for the organization. The criticism surrounding the name change has been described as 'corporate bullying', while the firm aims to distance itself from modern branding trends. Alongside the name change, the company has seen a 9% stock price increase, indicating investor approval amidst ongoing challenges in revenue.

tags

name change

rebranding

corporate strategy

investor response

market trends

AI adoption is stagnating, revealing a gap between expectations and reality in workforce integration.

Workers and management struggle to utilize AI effectively, risking its potential benefits.

HSBC plans to cut 8% of global staffing costs to save £1.2 billion, impacting senior management and UK operations.

Company insolvencies surged at the year's start, reaching levels not seen since the financial crisis, driven by challenging economic conditions.