FinanceInnovationStartups

OurCrowd Founder Transitions to Chairman Role as Platform Expands Global Private Market Access

OurCrowd founder Jon Medved is transitioning to Chairman after building the venture platform to 240,000 global members. The move comes as the company focuses on enhancing community engagement and expanding access to private markets for accredited investors worldwide.

Leadership Transition at Global Investment Platform

OurCrowd, a venture investment platform with over 240,000 registered members across 195 countries and $2.6 billion in commitments, is undergoing a significant leadership change, according to reports. Founder Jon Medved will transition from CEO to Chairman, a move that sources indicate will allow him to focus on expanding the platform’s community-building efforts and global strategy.

Business AcquisitionEconomy and Trading

Nestle Announces 16,000 Job Cuts as New CEO Launches Major Restructuring

Nestle will cut 16,000 jobs worldwide as new CEO Philipp Navratil seeks to reduce costs and restore investor confidence. The restructuring comes amid management changes and pressure to reverse slowing sales growth at the world’s largest packaged food company.

Major Workforce Reduction at Nestle

Nestle, the world’s largest packaged food company, will eliminate 16,000 jobs globally as new CEO Philipp Navratil implements what he described as necessary changes to transform the business, according to Reuters reports. The job cuts represent approximately 5.8% of Nestle’s workforce of around 277,000 employees and are part of a broader efficiency push announced on Thursday.