JPMorgan Chase Appoints Brad Smith to Board of Directors
JPMorgan Chase has appointed Brad Smith, former CEO of Intuit and current President of Marshall University, to its board of directors effective January 21, 2025. This strategic move aims to enhance the bank’s leadership and governance structure, leveraging Smith’s extensive experience in financial technology and academia. As JPMorgan continues to adapt to market demands, this appointment underscores its commitment to innovation and diverse expertise.
Intuit Inc. Announces Reorganization Plan, Laying Off Employees and Closing Sites
Intuit Inc. announces reorganization plan involving layoffs and site closures, with a focus on key growth areas. The company plans to hire more employees by 2025, resulting in charges of $250-260 million. Despite the decline in share value, Intuit aims to boost investments in generative AI and expand into new markets. INTU shares are currently trading lower by 4.15% at $623.45.