#organizational-restructuring

#organizational-restructuring

The bank is reshuffling its commercial and investment bank to "maximize the impact of AI," according to an internal memo seen by Business Insider that was sent this week. The firm has named Guy Halamish as the chief operating officer of the CIB and tasked him with overseeing the ongoing effort to "harness the power of our data and fully leverage rapidly evolving AI capabilities," the memo, signed by the CIB's co-CEOs, Doug Petno and Troy Rohrbaugh, said.

We are eliminating roles as well as opening some new roles as we remain disciplined about assessing the skills we need for the future,

Michael Wiesinger will be signed as new sporting director and replace Markus Weinzierl in the position. Weinzierls contract expires in July 2026. A final decision on whether to let him go or give him another role at the Bayern campus has not been made yet. Wiesinger has already informed [Nürnberg] of his desire to leave. There are still contractual details left to clarify, such as when he will join [Bayern]. Initially, a start date of July was in mind.

It has been a turbulent and transformative period defined by sweeping shifts in both job seeker behavior and employer expectations. Across the U.S., a wave of public sector professionals entered the private job market following major government agency restructurings, layoffs, and early retirement programs. Many of these candidates with specialized skill sets found themselves needing to quickly translate their government experience into private-sector language, just as the hiring landscape itself was rapidly evolving.

The software team at General Motors has now lost three top executives in the past month as the automaker - with its new chief product officer at the helm - combines its disparate technology businesses into one organization. Baris Cetinok, senior vice president of software and services product management, is leaving the company effective Dec. 12, the company confirmed to TechCrunch.

For months, she had been fighting fires and chasing one AI update after another, rewriting roadmaps every week as new tools arrived. That same morning, she had stepped out of a call where the CFO confirmed that a restructuring would almost certainly eliminate many of her team members' roles. Minutes later, one of her direct reports had asked her, "Am I going to have a job in six months?"

On Monday, the German athletic company said it is creating a new structure in the division to include product creation, innovation, go-to-market as well as brand marketing. Puma noted that the move is aimed at enabling "stronger and more consistent" storytelling for its products. As a result of this move, Maria Valdes, who was previously chief product officer, will become chief brand officer to oversee this new organization at the management board level.

We've had to make the very difficult decision to eliminate some roles across Audible. Colleagues in the US whose roles were impacted have already been notified; across other global hubs, affected employees are having discussions with their HR teams, following local processes. We are handling all transitions with care and respect. I want to thank all those impacted for their hard work and dedication to Audible and to our customers.

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