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CEO Departures Hit Record Levels

1 week 5 days ago
Chief executives are exiting their posts at an unprecedented rate as economic volatility and emerging challenges reshape corporate leadership decisions, according to data from executive tracking firm Challenger, Gray & Christmas. Public-company CEO departures reached 373 last year, jumping 24% from 2023 levels. Among U.S. businesses with at least 25 employees, 2,221 chief executives left their positions in 2024, the highest number since Challenger began monitoring departures in 2002. Corporate leaders are citing AI, tariffs, recession fears and scrutiny of diversity initiatives as key stressors driving the exodus. "It's a very difficult time to lead," said Blake Irving, former GoDaddy CEO. "Given all the weird gyrations going on in the economy and with our new administration, it's really hard for even great leaders to find a true north." The trend extends beyond the C-suite, with managers 1.7 times more likely to report high workplace stress than rank-and-file employees, according to a recent McLean & Co. survey of over 200,000 workers.

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Cisco Pulls Together A Quantum Network Architecture

1 week 5 days ago

For decades, discussions around quantum computing has felt similar to family driving vacations, with someone in the back seat constantly asking “are we there yet?” …

Cisco Pulls Together A Quantum Network Architecture was written by Jeffrey Burt at The Next Platform.

Jeffrey Burt

AI Law Firm Offering $2.7 Legal Letters Wins 'Landmark' Approval

1 week 5 days ago
English regulators have approved a new law firm that uses AI instead of lawyers to offer services for as little as $2.67, as the technology continues to disrupt industries from finance to accounting. From a report: Garfield AI, which was founded by a former London litigator and a quantum physicist, is an online tool that allows businesses and individuals such as tradespeople to chase debts owed to them at a substantially lower cost than the average lawyer's fees. Its AI assistant guides claimants through the small claims court process, including creating "polite chaser" letters for $2.67 and filing documents such as claim forms for $67, and can also produce arguments for claimants to use at trial. AI models are increasingly encroaching on legally sensitive tasks in high-paying sectors such as law and finance, potentially undercutting fees in high-volume work. Garfield received approval from the Solicitors Regulation Authority, the legal regulator for England and Wales, in March, in a move the latter hailed as a "landmark moment" for the industry.

Read more of this story at Slashdot.

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