According to CEO and co-founder David Vélez, the firm had become overly hierarchical, with up to 14 layers of management.

Amazon shareholders rejected a proposal that would require the company's CEO and board chair roles to remain separate. About 82% of shareholders voted against the proposal. The company split the roles ...

Luis von Ahn told Stanford students that he learned to let go of tasks that he isn't good at or that he doesn't enjoy.

Strategy offers a formal logic for the company’s goals and orients people around them. Culture expresses goals through values and beliefs and guides activity through shared assumptions and group ...

It’s crucial for sustainable growth. Let me share what I’ve learned about aligning your business structure with your strengths across four key stages of company growth. The entrepreneurial ...

The Canadian Elite Basketball League has had a lot to say for itself leading into season seven which tips off on May 11. Perhaps most importantly, co-founder and commissioner Mike Morreale has hinted ...

UAB Delfi, a 100% subsidiary of AS Ekspress Grupp, is finalising the acquisition agreement signed in December 2024 by merging with its subsidiary, UAB Kenton Baltic, which specialises in organising ...

When Sam Altman co-founded OpenAI in 2015, the AI industry was niche. Here’s how he built the company into an $86 billion giant, off the back of Chat-GPT and splashy new products like Sora and ...

He suggested that it simplifies the corporate structure, enabling the PBC to access more funding to grow and deploy AI tools more widely. The company noted that these changes are intended to ...

Amazon updated its pay model to better reward top talent this year. The change reflects a wider Big Tech trend prioritizing top performance and tighter cost control. Amazon's pay structure has ...

On April 29, TheCable reported that the Nigerian National Petroleum Company (NNPC) Limited terminated the services of a number of senior staff members. Among those departing immediately are Bala ...

The company will push ahead with plans to change the structure of its for-profit arm to allow more capital-raising to keep pace in the AI race. The move to an outright for-profit was intended to ...