article thumbnail

New Starbucks CEO To Slash Corporate Jobs Amid Falling Sales

Allwork

The company suspended forecast for its fiscal year 2025 in October and laid out plans to overhaul its U.S. On Thursday, Starbucks’ lead independent director on its board, Mellody Hobson, said she would retire after nearly two decades with the company.

article thumbnail

Two-Thirds Of Japanese Companies Struggling As Aging Workforce Drives Labor Crisis

Allwork

When asked about specific measures to address the labor shortfall in a question that allowed multiple answers, 69% said they were intensifying recruitment activities for new graduates and 59% were implementing measures such as extending retirement ages and re-hiring retired employees. This question also allowed multiple answers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Millennials Are Officially Running the Future Of Work—Expect Chaos, Compassion, and Burnt Out Leadership

Allwork

Millennials have officially overtaken Generation X as the largest cohort of managers in the American workforce in 2025. According to the semiannual Worklife Trends report by Glassdoor, millennials became the largest share of the managerial workforce in late June 2025, overtaking Gen Xers, who dominated leadership during the past two decades.

article thumbnail

Talent Development In The Future Of Work Starts With A Career Climbing Wall

Allwork

Stick with it, and your career would steadily progress until retirement. Now layer that with rising disengagement — Gallup’s 2025 State of the Global Workplace reports only 1 in 5 employees feel engaged — and the cracks in the old model become even more obvious. Promotions and skill-building followed a dependable rhythm.

article thumbnail

Smart Exits: 4 Succession Plan Case Studies

Success

Butler began planning her exit from Seely-Butler, Pellish and Associates a full 10 years before her target retirement date. She hosted two large-scale retirement events at high-end venues, inviting all 1,200 clients to celebrate and meet the new leadership team. “I Seely-Butler A decade-long plan executed to the letter Nancy D.

article thumbnail

Katie Gatti Tassin Is Leading the Charge for Financial Independence, Starting at the Intersection of Feminism and Finance

Success

Shes also created tangible resources for her audience, such as a free early retirement mini course and a wealth planner that helps users understand where they are on their financial journey. This article originally appeared in the March/April 2025 issue of SUCCESS magazine. Photo courtesy of Katie Gatti Tassin.

article thumbnail

Cutting Ties Without Breaking Bonds: How Managers Can Conduct Layoffs and Still Keep Company Culture Thriving

Success

based managers found that 45% of companies are likely to lay off employees in 2025. Rousseau highlights the need for authentic conversation as the key element required for success, drawing on the work of her colleague retired Harvard professor Michael Beer. A recent study by ResumeTemplates.com of 1,000 U.S.-based