CEOs brace for recession, CFOs eye costs

C-suite leaders remain focused on weathering a coming recession, but slowing wage growth and inflation is sparking a shift in cost optimization strategies.

By Grace Noto • Jan. 12, 2023

‘Quiet hiring’ dos and don’ts

The opposite of quiet quitting, quiet hiring allows CFOs to cut costs. It can also be a tension point for employees.

By Elizabeth Flood • Jan. 12, 2023

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Navigating risk in turbulent times

CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

By CFO Dive staff

Alcoa taps controller for CFO

Alcoa’s controller will move to its CFO seat among an executive restructuring plan designed to help the company focus more deeply on cost and innovation.  

By Grace Noto • Jan. 11, 2023

EY consulting arm poaches Cargill CFO

Ernst & Young is moving forward with a “soft separation” of its audit and consulting arms, appointing Jamie Miller to the CFO seat of what will be a new public entity.

By Elizabeth Flood • Jan. 11, 2023

Bed Bath & Beyond doubles down on cuts, layoffs

The absence of the retailer’s interim CFO from Tuesday’s earnings call could signal that a bankruptcy filing or sale is imminent.

By Maura Webber Sadovi • Jan. 10, 2023

Cargill CFO moves on amid C-suite reshuffling

The agribusiness giant is searching for a permanent CFO as a new CEO starts.

By Elizabeth Flood • Jan. 10, 2023

Food Lion owner Ahold Delhaize’s CFO to step down

Natalie Knight will leave the Netherlands-based grocery company, the owner of Food Lion, this summer to take an unspecified position in the U.S.

By Jeff Wells • Jan. 10, 2023

Walgreens may have ‘cried too much’ about theft, CFO says

Walgreens may reconsider its security approach as shrinkage stabilizes, CFO James Kehoe said during the company’s first quarter 2023 earnings call.  

By Grace Noto • Jan. 9, 2023

Comcast insider steps into CFO role

The Philadelphia-based telecommunications company promoted from within as the company faces a shrinking viewership base.

By Elizabeth Flood • Jan. 9, 2023

The underlying tensions causing knowledge gaps for CFOs

How to recognize and avoid the insight gaps keeping your company from reaching peak potential.

Jan. 9, 2023

Five ways to combat CFO burnout

CFO burnout can lead to heavy company losses. There are ways to avert work fatigue.

By Dawn Wotapka • Jan. 6, 2023

How CFOs can purge quiet quitters

As finance leaders grapple with labor shortages and talent woes, establishing a strong culture of performance management is key, a Stanton Chase executive says.

By Elizabeth Flood • Jan. 6, 2023

Recession seen as likely by SMEs: JPMorgan

Despite some recession-watch contrarians, the JPMorgan survey findings dovetail with a growing number of forecasters penciling a downturn into their 2023 calendars. 

By Maura Webber Sadovi • Jan. 5, 2023

Stitch Fix latest tech firm to cut workforce

The online personal styling service announced it will reduce its workforce by about 20% in a company-wide memo from founder Katrina Lake.

By Elizabeth Flood • Jan. 5, 2023

Invest in investor relations, former Cameo CFO says

In order for companies to position themselves for a successful IPO, focusing on IR teams early  is key, according to Deb Schwartz.

By Elizabeth Flood • Jan. 5, 2023

Bed Bath & Beyond warns options include bankruptcy

The Union, N.J.-based company has faced a range of external and internal challenges stemming in part from inventory constraints, credit limits and the death of its CFO in September.

By Maura Webber Sadovi • Jan. 5, 2023

Stock buyback tax looms over SPACs

The new 1% excise tax on share buybacks —  effective Jan. 1 —  threatens to ding special purpose acquisition companies as the SPAC market has all but dried up.

By Maura Webber Sadovi • Jan. 4, 2023

Digital Realty promotes exec to CFO seat

Digital Realty’s Matt Mercier will take the CFO seat as its former financial head moves to the CEO role.

By Elizabeth Flood • Jan. 4, 2023

Salesforce to cut 10% of workforce, trim real estate

The software provider will incur between $1.4 billion and $2.1 billion in charges as it moves to pare down its workforce and real estate footprint.

By Grace Noto • Jan. 4, 2023

Social media can funnel candidates into the hiring process — but not replace it

Employers can use social media to tell prospective candidates a story, sources said, but HR must beware of potential pitfalls.

By Jen A. Miller • Jan. 4, 2023

IRS delivers ‘crucial guidance’ on 15% minimum tax

The interim guidance gives tax preparers some key directions for interpreting the 15% Corporate Alternative Minimum Tax. But more questions remain, experts say.

By Maura Webber Sadovi • Jan. 3, 2023

CFOs to combat downturn with more automation

CFOs should think about automation as an “additional teammate” in their financial departments as they look to push digital transformation initiatives forward in the new year.

By Grace Noto • Jan. 3, 2023

How Gen-Z’s appetite for change can help employers

As economic uncertainty persists, organizations can look to Gen-Z as a vehicle toward the change they need.

By Elizabeth Flood • Dec. 21, 2022

Companies hunt for ‘wartime’ finance generals

On the eve of a possible recession, companies are seeking out “wartime generals” who can better lead the advance across hazardous economic terrain.

By Grace Noto • Dec. 21, 2022

Shifting retirement plan climate calls for CFO attention: WTW

As resources to fund retirement plans are expected to grow scarcer next year, companies must be nimble and share a clear vision when shaping retirement plan offerings.

By Elizabeth Flood • Dec. 20, 2022