DIRS.INFO The most relevant business & tech news

☆ DeSantis replaces an elected Democratic state prosecutor for the 2nd time, as his campaign continues to circle the drain
▼ + stars: | 2023-08-09 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Ron DeSantis just suspended an elected Democratic state attorney. He said State Attorney Monique Worrell neglected her duty as a prosecutor. This is the second time in just over a year that DeSantis suspended an elected, Democratic state attorney. Ron DeSantis just replaced an elected Democratic state prosecutor, the second time he's done so in just over a year. Worrell, a Democrat, was elected as Florida's Ninth Judicial Circuit State Attorney in November 2020, where she garnered 66.6 percent of the final vote against her Republican opponent.

Persons: Ron DeSantis, Monique Worrell, DeSantis, Andrew Bain, Worrell, Andrew Warren, Warren, Donald Trump, Trump, Generra Peck, James Uthmeier Organizations: Florida Gov, Democratic, Service, Orange, Orange County Court, Democrat, Judicial Circuit, Republican Locations: Wall, Silicon, Orange County, Central Florida, FiveThirtyEight

☆ Florida's DeSantis replaces elected Democratic prosecutor
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Republican presidential candidate, Florida Governor Ron DeSantis, delivers remarks at the annual Christians United for Israel Summit (CUFI), at the Crystal Gateway Marriott in Arlington, Virginia, U.S., July 17, 2023. REUTERS/Kevin Wurm/File PhotoAug 9 (Reuters) - Florida Governor Ron DeSantis on Wednesday suspended a county prosecutor after accusing her of being soft on crime, making her the second elected Democratic law-enforcement official to be removed by the Republican presidential hopeful. "Worrell’s practices and policies have too often allowed violent criminals to escape the full consequences of their criminal conduct," DeSantis said in a statement. Worrell is not the first Florida prosecutor whom DeSantis has dismissed. DeSantis' office sent a letter in April to Worrell's office demanding that she hand over the criminal and judicial record of a suspect accused of killing three people, including a 9-year-old.

Persons: Ron DeSantis, Kevin Wurm, DeSantis, Monique Worrell, Andrew Bain, Worrell, Miriam Krinsky, Andrew Warren, Donald Trump, Brendan O'Brien, Andy Sullivan Organizations: Florida, United, Israel Summit, Crystal Gateway Marriott, REUTERS, Democratic, Republican, Thomson Locations: Arlington , Virginia, U.S, Florida, Orange, Osceola, Hillsborough County, Chicago

☆ Carlyle Group stake purchase values Quest Global at $2 bln, sources say
▼ + stars: | 2023-08-08 | by ( Kane Wu | ) www.reuters.com time to read: +2 min

Quest Global investors Bain Capital and Advent International will exit in the transaction, while Quest Global will repurchase its own shares, Carlyle said in a statement. Ajit Prabhu, chairman and CEO of Quest Global, will acquire an additional stake, Carlyle said. Representatives for Bain Capital, Advent and Quest Global declined to comment on Quest Global's valuation in the deal. Established more than 25 years ago, Quest Global focuses on engineering, research and development services for the design, product development and operations of complex engineering systems. In 2016, Bain Capital and Advent, together with Singapore sovereign wealth fund GIC Pte Ltd (GIC.UL), jointly bought a minority stake in Quest Global for $350 million.

Persons: Carlyle, Issei Kato, HONG KONG, Ajit Prabhu, GIC, Kane Wu, Yantoultra Ngui, Jason Neely, Mark Potter Organizations: REUTERS, Carlyle Group, Quest Global Services, Global, Quest Global, Bain Capital, Advent, Quest, Thomson Locations: Tokyo, Japan, HONG, Singapore, Asia, Hong Kong

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. Shares of Estia Health were up 9.9% at A$3.12 as of 0045 GMT, their highest since Sept 2018. Bain Capital did not immediately respond to a Reuters request for comment. In June, the company updated the market on its intentions to back Bain Capital's increased offer of $A3 per share to A$3.20. "If they acquire Estia Health they may be stuck with it in the days ahead."

Persons: Kim Kyung, Estia, Bain Capital's, Gary Weiss, Estia's, Brad Smoling, Smoling, Rishav Chatterjee, Scott Murdoch, Sherry Jacob, Phillips, Stephen Coates Organizations: Bain Capital, REUTERS, Global, Estia, Bain, Virgin Australia, Australia, Health, Thomson Locations: Tokyo, Japan, Sydney, Australia, Bengaluru

☆ For Once, Rookie Consultants Don’t Have Enough to Do
▼ + stars: | 2023-08-04 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/consultants-bain-kmpg-ernst-young-boston-consulting-bcg-recruits-layoffs-1a2629fd

Persons: Dow Jones, kmpg, ernst Organizations: bain Locations: boston

☆ Satchmo’s Wonderful World: Louis Armstrong Center Amplifies An Artist’s Vision
▼ + stars: | 2023-08-03 | by ( Melena Ryzik | More About Melena Ryzik | ) www.nytimes.com time to read: +1 min

And yet for decades, the Louis Armstrong House Museum has been a well-kept secret on a quiet street in Corona. The longtime residence of the famed jazz trumpeter, singer and bandleader, it is a midcentury interior design treasure hidden behind a modest brick exterior. The museum’s new extension, the 14,000 square foot Louis Armstrong Center, blends in a little less. It looks, in fact, a bit like a 1960s spaceship landed in the middle of a residential block. “The house is relatively small,” said Regina Bain, executive director of the House Museum and Center, speaking of the two-story dwelling where Armstrong lived with his wife, Lucille, from 1943 until his death in 1971.

Persons: Louis, Louis Armstrong, ”, Regina Bain, Armstrong, Lucille Organizations: Louis Armstrong House Museum, Louis Armstrong Center, Queens, House Museum and Center, Jazz, Lincoln Center Locations: Queens, Corona ., Armstrong, “

☆ Salesforce quietly terminated the employment of a popular diversity executive
▼ + stars: | 2023-08-03 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce quietly released diversity executive Jacalyn Chapman in May, sources tell Insider. The company told some employees Chapman's role was being eliminated, one of the people said. Salesforce is facing a discrimination lawsuit from another diversity executive. Salesforce terminated the employment of a popular diversity, equity, and inclusion executive in May, people familiar with the matter told Insider. Although the circumstances of her termination are unclear, one person said some employees were told her role was being eliminated.

Persons: Salesforce, Jacalyn Chapman, Marc Benioff, Brent Hyder, Chapman, Ebony Beckwith, Bain, Slack Organizations: Equality, Bain & Company Locations: Salesforce

☆ China spy agency’s social media debut calls for ‘all members of society’ to combat espionage
▼ + stars: | 2023-08-02 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

The Ministry of State Security oversees intelligence and counterintelligence both within China and overseas. Titled “Countering espionage requires the mobilization of all members of society,” the ministry said national security bodies should keep reporting channels, such as hotlines and online platforms, open to handle reports of suspected espionage within China in a timely manner. But those efforts have gathered pace under Xi Jinping, China’s most assertive and authoritarian leader in a generation who has made state security his top priority. Previous anti-spying driveThere have been multiple previous calls by China for the public to look for potential spies. In June last year, China announced “material rewards” of up to and above 100,000 yuan ($15,000) for tip-offs about people who endanger national security.

Persons: Hong Kong CNN —, ”, Xi Jinping, Greg Baker, Xiao Li, Li –, David Organizations: Hong Kong CNN, of State Security, CIA, FBI, Group, Bain & Company, Astellas Pharma, Getty Locations: Hong Kong, China, Beijing, American, Shanghai, Japan, AFP

Worldcoin says 2.2 million have signed up, mostly during a trial period over the last two years. Worldcoin raised $115 million from venture capital investors including Blockchain Capital, a16z crypto, Bain Capital Crypto and Distributed Global in a funding round in May. Macieira said Worldcoin would continue rolling out operations in Europe, Latin America, Africa and "all the parts of the world that will accept us." "The idea is that as we build this infrastructure and that we allow other third parties to use the technology." Michael Will, president of the Bavarian regulator, said it would look into whether Worldcoin's system is "safe and stable".

Persons: Medha Singh, Sam Altman, Worldcoin, Ricardo Macieira, Macieira, Michael Will, Will, Rainer Rehak, Web3, Nette Noestlinger, Matthias Baehr, Elizabeth Howcroft, Tomasz Janowski Organizations: WorldCoin, REUTERS, Reuters, Co, Humanity, Blockchain, Bain Capital Crypto, Companies, Bavarian State Office, Data Protection, Union, Weizenbaum Institute, Worldcoin Foundation, Thomson Locations: Bengaluru, India, Britain, France, Germany, Europe, San Francisco, Berlin, Latin America, Africa, Japan, Bavarian, blockchain, Cayman Islands

☆ Bain & Company explains how its deal with Max Kelsen will help in terms of A.I.
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBain & Company explains how its deal with Max Kelsen will help in terms of A.I. Richard Fleming, leader of Asia-Pacific advanced analytics practice at Bain & Company, discusses the acquisition of Max Kelsen's consulting and managed services divisions.

Persons: Max Kelsen, Richard Fleming, Max Kelsen's Organizations: Bain, Company, Bain & Company Locations: Asia, Pacific

☆ Meta hired consultancy firm Bain & Co. before Mark Zuckerberg's big 'efficiency' push, foreshadowing layoffs and cost-cutting
▼ + stars: | 2023-08-01 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg last year started to get serious about reducing expenses at Meta. Ahead of this shift, Meta hired the large consulting firm Bain & Co. Before Mark Zuckerberg embarked on his "Year of Efficiency" at Meta, the company brought in a well-known consulting firm to look at its costs. Meanwhile, the company published research on the consumer opportunity in Southeast Asia, a project done in partnership with Bain. Despite already letting go more than 20,000 employees, or about 25% of Meta's workforce, the company is poised to get even smaller this year.

Persons: Mark Zuckerberg, Meta, Mark Zuckerberg's, Bain, Zuckerberg, they'd, Kali Hays Organizations: Meta, Bain & Co, Facebook, Bain, Twitter Locations: Southeast Asia, khays

☆ The strange, improbable rise of Mark Zuckerberg 3.0
▼ + stars: | 2023-07-30 | by ( Kali Hays | ) www.businessinsider.com time to read: +27 min

In early July, Mark Zuckerberg unveiled the latest and perhaps most consequential product in Meta's history: a new model of Mark Zuckerberg. Silicon Valley Zuck was a husband and father with a legacy to build and protect at all costs. Silicon Valley Zuck was suddenly faced with something he'd never dealt with before, shrinking revenue. Still clinging to his persona as Silicon Valley Zuck, Zuckerberg engaged in an all-out media blitz to hawk his vision for the metaverse. They were the sort of people Harvard Zuck would have scoffed at and Silicon Valley Zuck would have gently ignored.

Persons: Mark Zuckerberg, Elon Musk, Joe Rogan, Zuckerberg, Clark Kent, TikTok, Sheryl Sandberg, Mike Schroepfer, Wall, McKinsey Zuck, Rogan, Meta, Harvard Zuck, —, Priscilla Chan, Ray's, pullover, Harvard Zuck —, Dianna, Mick, McDougall, Paul Sakuma, Zuckerberg's, Apple, Facebook, he'd, That's, Frances Haugen, Chris Cox, Zuck, Zach Gibson, Meta's, Sandberg, Marne Levine, who'd, Javier Olivan, he's, bode, Bain, Maher Saba, Lori Goler, He's, He'd, Katie Harbath, it's, Andrew Bosworth, Bosworth, Mark Zuckerberg McKinsey Zuck, Mark Shmulik, Bernstein, Augustus, Julius Caesar, Kali Hays Organizations: Meta, Menlo, Harvard, Apple, McKinsey, Business, Facebook, Cambridge, Capitol, Labs, Menlo Park, Q, Bain & Company, Reality Labs, Wall, Mark Zuckerberg McKinsey, Phillips Exeter Academy, Tech, Twitter Locations: California, Hawaii, United States, Davos, Silicon, contrition, Meta, verbiage, Harvard, Rome

☆ The 'richcession' isn't happening. The ultra-wealthy have never been richer and they're still spending like crazy.
▼ + stars: | 2023-07-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Experts say the richest are actually even richer and spending more than they were before the pandemic. Most Americans now have "spent up" demand for goods, but still have pent up demand for services, Zandi says. In her experience, luxury spending is highly correlated with the stock market, and investors have enjoyed handsome returns so far this year as the S&P 500 rebounds from its 2022 lows. The luxury services sector was a particular hot spot. "If this is a richcession, the rich are probably saying, bring it on," Zandi said.

Persons: they've, Mark Zandi, Zandi, they're, Rather, pricey Taylor Swift, Taylor Swift, Patek Philippe, Claudia D'Arpizio, D'Arpizio, Scott Dunn, Bridget Lackie, Lackie, Jennifer Stillman, Douglas Elliman, we've, Stillman Organizations: Service, Wall Street, Rolex, Bain & Company Locations: YOLO, Wall, Silicon, New York

☆ How the world went from a semiconductor shortage to a major glut
▼ + stars: | 2023-07-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The glut came after companies began to stockpile chips amid the shortage to build up inventories. From profit boost to income plungeThe pandemic-induced shortage of semiconductors helped boost chip makers' profits as prices jumped. Meanwhile, SK Hynix swung to a loss in the second quarter versus a profit in the same period last year. Taiwan Semiconductor Manufacturing Company, the world's largest chipmaker, said last week that net income for the second quarter fell 23.3% from a year ago. Looking ahead, the PC market appears weak, which is likely to impact Samsung, SK Hynix and Micron.

Persons: Wong Yu Liang, Peter Hanbury, Hanbury, Sze Ho Ng Organizations: Bain & Company, CNBC, Samsung, SK Hynix, Micron, Taiwan Semiconductor Manufacturing Company, China Renaissance Securities Locations: oversupply

☆ The founder of fallen adtech startup MediaMath is trying to buy back the bankrupt company's assets
▼ + stars: | 2023-07-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

MediaMath Cofounder and CEO Joe Zawadzki is assembling a syndicate to buy back the company. MediaMath cofounder Joe Zawadzki is looking to assemble a syndicate of adtech industry investors to attempt to buy back the company's assets at its upcoming bankruptcy auction, according to people familiar with the matter. Former employees and industry observers have said Zawadzki's MediaMath was also ahead of its time developing tools to demystify how digital ad dollars were being spent. MediaMath's supply chain optimization assets could become the backbone of FxM's "SCF+" supply chain financing product, the adtech industry sources suggested. Zawadzki is also a general partner at the venture capital firm AperiamVentures, which has invested in dozens of adtech startups.

Persons: Joe Zawadzki, MediaMath, Zawadzki, Joe, Zawadzki's, —, Neil Nguyen, MGI, hadn't Organizations: IBM, Bain Capital, Google, Media, Games Locations: MediaMath, Delaware, —, AperiamVentures

☆ Insight: Wegovy weight-loss injection factory plagued by sterile-safety failures
▼ + stars: | 2023-07-27 | by ( Maggie Fick | ) www.reuters.com time to read: +10 min

Microbial contamination of drugs injected into the body, rather than swallowed, can be deadly, the people said - although the FDA inspectors didn't report any signs of this sort of contamination at the Brussels factory. In both visits, the FDA inspectors found Catalent staff had repeatedly failed to investigate why equipment was malfunctioning. BLINDSIDED BY BOOMING DEMANDWithin months of launching Wegovy, Novo Nordisk was overwhelmed by demand in America, and told shareholders that its initial supply would not keep pace. From December that year and throughout 2022, Novo repeatedly pushed out the timeline for when the supply constraints would end. In late December 2022, Novo announced all five dose strengths were available again in the United States.

Persons: Wegovy, Catalent, Eli Lilly, LLY.N, Susan Bain, Karsten Munk Knudsen, Ambre James, Brown, James, Knudsen didn't, Steven Lynn, Lynn, David Talmage, didn't, Novo, Maggie Fick, Vincent Flasseur, Michele Gershberg Organizations: U.S . Food, Drug Administration, Reuters, FDA, Novo Nordisk, University of Southern, Novo executives, Novo, U.S, Manufacturing, Parenteral Drug Association, Thomson Locations: U.S, Brussels, Danish, University of Southern California, Wegovy, Novo, America, United States

☆ How Abu Dhabi's $276 billion Mubadala sovereign wealth fund is investing in software in the new age of AI
▼ + stars: | 2023-07-26 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Ali Osman, head of technology and software investments at Abu Dhabi's giant Mubadala sovereign wealth fund, has invested steadily through it all and is not shying away from putting more money to work. He and his team focus on business software and specialize in private equity, making direct buyout investments and indirect bets through major PE firms. Osman works with many of the biggest and most successful PE firms in the tech space, including Thoma Bravo, TPG and Bain Capital. AI uncertainty and dataThe generative AI boom, and the rise of large language models, has introduced a major new variable to software investing. The other bottleneck is capital, basically the cash available to invest in software businesses.

Persons: Ali Osman, Mubadala, Osman, Thoma Organizations: Abu, Thoma Bravo, TPG, Bain Capital, Vista Equity Partners, PE Locations: Morocco, SalesLoft, mindspace

☆ Former Google recruiter's top 3 resume green flags: ‘I love people that have passion’
▼ + stars: | 2023-07-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

Hiring recruiters are busy people, notoriously spending very little time on each resume they look at to decide if a candidate will move forward. "My advice would be, optimize a resume for 10-second viewership," says Nolan Church, who's worked in talent acquisition in companies like Google and DoorDash and who's currently the CEO of talent marketplace Continuum. That may be the only window recruiters ultimately allot. Here are three green flags that signal to Church that you're a good candidate. "Even if you're in engineering and you're able to articulate how you helped customers," he says, "it's a huge positive."

Persons: Nolan Church, who's, you've Organizations: Google, Continuum, McKinsey, Bain

☆ Bain to buy 90% stake in Adani Capital and Adani Housing
▼ + stars: | 2023-07-23 | by ( Akanksha Khushi | ) www.reuters.com time to read: +2 min

July 23 (Reuters) - U.S.-based investment firm Bain Capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out all of the Adani family's private investments in the company. Gaurav Gupta will retain the remaining 10% stake in Adani Capital and will continue to serve as its Managing Director and CEO, Bain said. Adani Capital is the non-banking financial arm of the Adani group which started its lending operations in 2017. The transaction, which is expected to close in the fourth quarter of this year, aims to position Adani Capital as a standalone company to expand lending, Bain said. Adani group stocks have recovered by around $50 billion since the Hindenburg-triggered stock rout early this year after Gautam Adani assured investors and repaid debt.

Persons: Gaurav Gupta, Bain, Gautam Adani, Gupta, Akanksha, Hugh Lawson, Andrea Ricci Organizations: Bain Capital, Adani, Hindenburg, Bain, Thomson Locations: Gautam, Bengaluru

☆ Bain Capital raises SoftwareOne takeover offer to $3.7 billion, Bloomberg reports
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter. The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software management company, the report said. SoftwareOne and Bain Capital declined to comment on the report. The reported new offer is at a premium of 43.6% from SoftwareOne's last close on May 31, when Bain first presented an offer to the Swiss firm valuing it at $3.2 billion. SoftwareOne helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM.

Persons: SoftwareOne, Bain, Daniel von Stockar, Rene Gilli, Kanjyik Ghosh, Paul Arnold, David Evans, Jan Harvey, Frances Kerry Organizations: Bain Capital, SoftwareOne, Bloomberg, Microsoft, Adobe, IBM, Thomson Locations: Swiss, SoftwareOne's, Bengaluru, Zurich

[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.

Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's

☆ Asia's private credit markets thrive as desperate borrowers find lenders
▼ + stars: | 2023-07-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Private lenders, meanwhile, had "significant liquidity" to deploy for such financings, proving to be a right fit. Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry. Investment firm Muzinich & Co. recently announced it had closed a $500 million Asia Pacific private debt strategy. Australian superannuation fund UniSuper, which runs a $15 billion private markets portfolio investing in unlisted infrastructure and private equity, is looking to grow its portfolio. "Just given the pipeline of opportunities, we could see ourselves potentially ... (doing) another $3 to $5 billion," said Sandra Lee, UniSuper's head of private markets.

Persons: Bryan Clark, Andrew Tan, Tan, Sandra Lee, UniSuper's, Shane Forster, Benno Klingenberg, Timm, Rae Wee, Georgina Lee, Vidya Ranganathan, Kim Coghill Organizations: Star, JLL, Western, Muzinich, Asia Pacific, Muzinich's Asia Pacific, ICE, Bain Capital, India's, Mahindra Bank, Hong Kong's ADM, BlackRock, Data, Barclays, UBS, Thomson Locations: SINGAPORE, Arizona, Asia, Hong Kong, Singapore

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ 'Massive shift': Older people will exceed a quarter of G7's workforce by 2031, report says
▼ + stars: | 2023-07-19 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

In the Group of Seven countries, Bain predicts, older and experienced workers will make up more than quarter of the workforce by 2031. "That's a massive shift," Andrew Schwedel, partner at Bain & Company, told CNBC's "Squawk Box Asia" on Tuesday. What older workers wantIn recent years, countries around the world have been increasing retirement ages — but not without pushback. "That speaks to some of the different things that companies need to do if they're trying to appeal to younger workers versus older workers." How to retain older workersIt is also crucial for companies to design workplace experiences that tap into the motivations of older workers, said Schwedel.

Persons: Bain, Andrew Schwedel, CNBC's, Schwedel Organizations: Bain & Company, Companies Locations: Japan, Europe, U.S, France

Search resuls for: "bain"

25 mentions found