Global money movement company TerraPay appointed Visa veteran Ralph Koker as global head of products. In his new role, Koker will refine TerraPay’s product strategy, spearhead its go-to-market initiatives, and help the company scale its service offerings and strengthen its client relationships on a global...
Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part of its annual review process. The layoffs have already started, will continue through the fall and are expected to be...
David Singleton said in a post on LinkedIn that he is stepping down as chief technology officer (CTO) at Stripe after seven years to start his own company. Singleton will be succeeded by Stripe Deputy CTO Rahul Patil and will remain at Stripe until October to support the...
TD Bank’s ongoing issues with its anti-money laundering (AML) controls could usher in a leadership change. That’s according to a Wednesday (Aug. 28) Reuters report, based on interviews with 10 shareholders at Canada’s second-largest bank, as well as two analysts. They said a change in...
General Motors (GM) has reportedly hired former Apple leader Tim Twerdahl as vice president of product management for the automaker’s software services group. Twerdahl will report to GM’s senior vice president of software and services product management, Baris Cetinok, Bloomberg reported Tuesday (Aug. 27), citing unnamed sources....
French artificial intelligence (AI) startup H said Friday (Aug. 23) that three of its co-founders are leaving the company due to “operational differences.” Co-founders Daan Wierstra, Karl Tuyls and Julien Perolat are leaving the company, H said in a Friday post on LinkedIn. Moving forward, the company will be led by...
General Motors laid off over 1,000 salaried employees in Software and Services, its division focused on infotainment, OnStar, subscriptions and other emerging features. The employees impacted by the layoffs were notified Monday (Aug. 19), CNBC reported, citing unnamed sources. GM confirmed there had been layoffs...
Mastercard reportedly plans to lay off 3% of its global workforce — about 1,000 people — as part of a reorganization it announced earlier this year. Most of the employees who will be affected by the move will be notified by the end of the...
Chipotle CEO Brian Niccol will take over as CEO of Starbucks Sept. 9, and he has the support of Starbucks founder and Chairman Emeritus Howard Schultz. “I know how excited [Schultz] is,” Starbucks board chair Mellody Hobson said during an interview with CNBC. “When I...
