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Freshworks lays off 660 — about 13 percent of its global workforce — despite strong earnings, profits

CIO

The company said the layoffs were part of “realigning our global workforce.” Freshworks CFO Tyler Sloat even touted a stock buyback program, to illustrate the company’s strong financials: “Given our strong financial position and improving cash profile, we have the opportunity to expand our capital allocation strategy.

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Intel spins off enterprise AI company Articul8 with outside funding

CIO

The new company’s investors include global investment firm DigitalBridge Ventures. Since then, we have deployed Articul8 products for multiple clients seeking production-ready platforms with rapid time to market,” Rich Lesser, global chair of BCG, said in the news release.

Capital 759
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Schneider Electric leverages AI to help develop employees’ careers

CIO

The global energy equipment and solutions provider’s Online Talent Management (OTM) platform, launched in early 2020, gives employees more agency around identifying mentorship opportunities, upskilling, and growing their networks within the organization. All it takes is the check of a box in a profile, and the AI takes care of the rest.

Profiling 723
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What it takes to win your first CIO role

CIO

Through every career step, Brown was intentional in her choices, pursuing roles that filled in key competency gaps, stretched her outside of her comfort zone, and burnished the well-rounded profile now essential for top IT leadership. Hodge started out at Viridor more than a decade ago, in administrative roles.

Win 761
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Solving the tech debt problem while staying competitive and secure

CIO

They must decide whether to invest resources in high-profile areas like AI and security or to prioritize reducing technical debt. Capital One’s cloud migration initiative highlights a strategic approach to managing technical debt. For CIOs, balancing technical debt with other strategic priorities is a constant challenge.

Security 609
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10 top priorities for CIOs in 2024

CIO

Gain stronger control over data Jae Evans, global CIO and executive vice president at Oracle, is planning to prioritize data control in 2024, and CIOs across industries would be wise to follow suit. “As The following 10 priorities should be at the top of your list.

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2024 EY Global Analyst Summit: Showcasing Innovation and Challenging Perceptions

TBR

For the first time in person since 2019, EY hosted a global analyst summit at the start of the firm’s Innovation Realized event, which was held at San Francisco’s Palace of Fine Arts. The 2024 EY Global Analyst Summit included at least 50 analysts, multiple main stages sessions and breakouts.