CEO turnover is increasing as boards clear the way for a new era. According to a report from Challenger, Gray & Christmas, CEO changes in January increased 40% from the previous month, marking the third-highest January total since 2002. While boardrooms often frame the departure of long-serving leaders as a natural pivot, the increasing pressure…
More than 20 years of accumulated experience at Intel was not enough to save Sriram Ramkrishna’s senior community and developer relations position at the company. In June, the 56-year-old Portland, Oregon, resident heard that his division was in danger and officially lost his job in a round of layoffs in July. To make matters worse,…
Thousands of Microsoft workers have been laid off in the past year, and Washington resident Mike Kostersitz is just one of them. After spending 31 years at Microsoft, he is now looking for a job for the first time in more than three decades. In May, the 60-year-old senior product manager said a new high-priority…
For many workers, job security is a priority amid mass layoffs at major companies. Last month was the worst October for layoff announcements in more than two decades, according to global outplacement firm Challenger, Gray & Christmas. Additionally, the current government shutdown, now the longest on record, has left thousands of federal employees laid off…
