Citi poured $12B into tech last year, retired nearly 400 legacy apps

While efforts to modernize are underway, the company is operating at a loss and plans to cut 20,000 positions by 2024 as part of a broader restructuring.

By Matt Ashare • Jan. 16, 2024

AI ranked by tech CFOs as top 2024 investment priority

The technology also triggered concerns including the potential for data privacy risks and negative workforce impacts such as job displacement.

By Alexei Alexis • Jan. 16, 2024

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

C-suite leaders expect AI to deliver cost savings in 2024

Executives anticipate the technology to bring increased productivity in operations, customer service and IT.

By Lindsey Wilkinson • Jan. 16, 2024

6 AI tips for first-time adopters

Companies adopting AI for the first time must be ready to do it responsibly and in a way that can deliver real business value, writes Hero Digital’s Arun Kumar.

By Arun Kumar • Jan. 16, 2024

Google lays off hundreds of workers, citing organizational changes

Several divisions were impacted, including teams in central engineering, augmented reality and the Google Assistant unit.

By Roberto Torres • Jan. 12, 2024

Compensation committees face busy dockets in 2024, experts say

Incentive plan performance ranges and the use of discretion in incentive payouts are among the issues compensation panels are likely to confront. 

By Lyle Moran • Jan. 12, 2024

NY AG, Trump clash in final $370M civil fraud tug-of-war

Attorneys laid out their closing arguments in the NY AG’s $370 million civil fraud trial that has put accounting under a surprising spotlight.

By Grace Noto • Jan. 11, 2024

Daimler Truck taps Siemens executive to succeed late CFO

The German vehicle manufacturer appointed Eva Scherer about five months after the company’s previous finance chief died of complications from a wasp sting.

By Maura Webber Sadovi • Jan. 11, 2024

Apple veteran takes Sonos CFO seat

Sonos has restructured and cut jobs as it navigates a broader slump in the U.S. consumer technology sector.

By Maura Webber Sadovi • Jan. 10, 2024

Walgreens on track to save $1B this year with new executive team

Cost reductions, along with challenging market conditions, are critical roadblocks to address, executives said.

By Suman Bhattacharyya • Jan. 9, 2024

CFOs look to tech, M&A to foster growth: Deloitte

Finance chiefs are eyeing digital technologies and new potential deals as they marshal their plans for the new year, Deloitte said.  

By Grace Noto • Jan. 9, 2024

2024 tech events for CFOs

CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.

By Alexei Alexis • Jan. 9, 2024

Firms still scrambling over SEC cyber rules: poll

Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”

By Alexei Alexis • Jan. 9, 2024

New CVS drug pricing formula won’t drive up costs, CFO says

Tying the prices it charges for medicines to those charged by pharmaceutical companies will put the healthcare giant’s pharmacy business on a more sustainable footing, executives said.

By Suman Bhattacharyya • Jan. 8, 2024

Scholastic alum takes CFO seat after Amazon stint

Haji Glover rejoins the publisher of “Harry Potter” and other best-selling children’s titles as the market has been buffeted by rising school book bans.

By Maura Webber Sadovi • Jan. 8, 2024

United Airlines aims to expand Denver facilities; skirts rumors of potential HQ move

United’s bid to establish a new flight simulator building in Denver follows a $33 million purchase of property in the city which sparked rumors of a potential shift in the airline’s base of operations.

By Grace Noto • Jan. 8, 2024

Deloitte rolls out in-house generative AI platform for coding, researching

Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.

By Lindsey Wilkinson • Jan. 8, 2024

IT unemployment rose in December, but experts remain optimistic

Despite the increase, the technology industry added nearly 13,000 new positions last month, marking its largest increase since April 2023.

By Roberto Torres • Jan. 5, 2024

CVS interim CFO takes permanent seat

The CVS Health executive is taking on the top finance seat as it looks to get back on track following a corporate restructuring, company-wide layoffs, and rising costs.

By Grace Noto • Jan. 5, 2024

Pot supplier Trulieve taps another CFO after D’Amico scandal

The appointment follows a string of finance leadership changes last year, starting with the abrupt resignation of former CFO Alex D'Amico.

By Alexei Alexis • Jan. 4, 2024

Taking a CFO approach to digital transformation

In a post-AI world, companies must retool their digital transformation approaches from large-scale to piece by piece, and CFOs play a critical role.

By Grace Noto • Jan. 4, 2024

Walmart vet tapped for Innovative Food’s CFO seat

Gary Schubert is taking over the finance reins of the struggling gourmet food company after a 15-year stint at Walmart.  

By Alexei Alexis • Jan. 3, 2024

Finding the profitability, growth balance: Kaseya CFO

Taking a strategic approach to hiring and investment can aid CFOs looking to place their companies on the path to hypergrowth, Kaseya’s finance chief said.

By Grace Noto • Jan. 3, 2024

Bank veteran takes Piper Sandler CFO reins

Kate Clune, who previously logged 16 years at Morgan Stanley, officially replaced Piper Sandler’s retiring CFO Tim Carter on New Year’s Day.

By Maura Webber Sadovi • Jan. 2, 2024

Life Time Group CFO abruptly resigns amid push for positive cash flow

The CFO shift comes as the company weathers rising operating costs for its fitness centers.

By Grace Noto • Jan. 2, 2024