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This compares with 8% in September 2021 and 11% in the same month in 2020, Russell Reynolds said. It is also leading some companies to prepare for a potential downturn by looking for CFOs with experience in cutting costs or restructuring operations, they added. Photo: NordstromNordstrom, meanwhile, last Monday said finance chief Anne Bramman will leave in December after more than five years in the role. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. That trend is continuing, with the slowing economy forcing finance chiefs into thinking about their next steps, she said.
One potential nearer-term solution for companies that rely on semiconductors: advanced data analytics and artificial intelligence tools to help manage supply issues. "The semiconductor supply chain is still constrained," said Brandon Kulik, semiconductor industry leader and principal at Deloitte Consulting. "Organizations can leverage data analytics tools for deeper insights across the supply chain," Tandon said. Rand Technology, an independent semiconductor distributor, is using data analytics to solve customer challenges related to supply. Rand also uses advanced data analytics to identify trends and patterns that enable it to guide customers strategically through perilous market conditions.
But at Big Law firms, "managing out" is common, with lawyers quietly directed to look for work elsewhere. O's story stands to become more common as the economy cools and Big Law firms seek to quietly cut costs without technically laying people off. Here's how Big Law firms let people go. Most Big Law firms operate under an "up or out" system, where lawyers are either expected to make partner or leave. Big Law lets more people go and slows down hiring in tough economic timesOne point of agreement is that stealth layoffs rise in economic downturns.
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