CEO Departures in Q2 2024 Drop to Lowest Level Since 2018

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Bankrate’s latest study revealed that Delaware is cogitated as the greatest option for retirement. The survey was conducted and ranked the states based on affordability (40%), overall well-being (25%), healthcare cost and quality (20%), weather (10%), and crime (5%). Delaware, West Virginia, Georgia, South Carolina, and Missouri are the top five retirement states. Delaware stands out due to its tax-friendliness, with no state or local sales taxes and no taxes on Social Security benefits, making it an attractive option despite not being the most affordable state.

51

The number of CEOs stepping down in Q2 2024 reached its lowest point since tracking began in 2018. With only 51 CEO departures, the data indicates a significant decline in leadership changes. Planned CEO successions accounted for 23% of departures, more than double the six-year average of 11%, while CEO dismissals dropped to 12%, less than half the quarterly average. Internal promotions made up 78% of CEO appointments, highlighting a shift towards succession planning and promoting internal candidates.

56%

The majority of United States employees feel that their online privacy is monitored by the workplace during their working hours as per the Checkr survey. 56% of employers reported they are being monitored for their online activity, and 65% feel it is an invasion of privacy. This concern is prevalent across all age groups, with many willing to sacrifice pay for more privacy.

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AI startup Cohere, co-founded by former Google AI researchers and backed by Nvidia, recently reduced its workforce by approximately 5%. Despite of cut, there is a successful $500 million funding by the investors, which resulted in the company's valuation of $5.5 billion. While downsizing its overall staff, Cohere is actively hiring for roles in customer operations, partnerships, revenue, sales, product design, and modeling.

91%

Nearly three in four CEOs (74%) do not prioritize a full-time office return, citing gains from hybrid work, according to a report by the International Workplace Group. The survey of over 500 CEOs found that 91% have adopted hybrid working, with 77% seeing improved employee engagement, 75% noting better company culture and collaboration, and 73% believing it helps attract top talent. Additionally, 76% experienced improved staff retention and 65% think they would lose talent if they mandated full-time office presence.