This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. U.S. corporations should watch for federal agencies to continue publishing guidance interpreting major new tax provisions in the One Big Beautiful Bill Act to help them fully unlock some key benefits, tax practitioners say. The OBBBA that was signed into law in July retained the 21% corporate income tax rate that would otherwise have expired in 2026 and materially change ...

Core Insights - Leadership roles at Global Capability Centres (GCCs) in India are projected to increase from 6,500 at the end of 2024 to 8,500 by the end of 2025, with a further 40% growth expected by the end of 2026, according to ANSR research [1][11] - GCCs are transitioning from transactional hubs to capability-led strategic centres, leading to increased demand for leadership across various levels, including heads, VPs, and global function leads [2][11] - The demand for leadership talent is particularly strong in sectors such as BFSI, retail, healthcare, manufacturing, and technology, with companies like Amazon, FedEx, and Intuit actively hiring [6][11] Leadership Demand and Hiring Trends - A study by Xpheno indicates that BFSI, retail, and consumer durables are leading the growth in GCCs and are expected to maintain a positive outlook for leadership hiring [5][11] - The leadership talent pool is expected to grow, with a focus on higher-value activities and sustained expansion plans, despite high attrition rates in high-growth GCCs [11] - Key leadership roles being filled include heads of departments and enterprise functions in technical and commercial areas, with a strong demand for talent in engineering, IT, finance, and operations [6][11] Company Strategies and Future Outlook - Companies like Alvarez & Marsal aim to triple their GCC business in the next three years, focusing on hiring senior leaders with expertise in M&A advisory, digital, and technology consulting [7][11] - Sanofi and Intuit are also expanding their leadership teams, with a commitment to hiring senior roles that align with their strategic growth objectives in India [8][9][11] - The concept of 'GCC 3.0' is emerging, characterized by deep strategic integration, with 80% of GCCs now taking ownership of end-to-end global processes and participating in global decision-making [9][11]

Financial Data and Key Metrics Changes - Consolidated revenues for Q4 and the fiscal year were $23.5 million and $96.5 million, respectively, both down 10% from the prior year periods [10][11] - Gross profits for Q4 and the fiscal year were $8.4 million and $33.4 million, with gross margins of 35.8% and 34.6%, respectively, compared to 35.1% and 33.8% in the prior year [11][12] - Loss from continuing operations for Q4 was $613,000 or negative $0.01 per diluted share, and for the fiscal year, it was $34.7 million or negative $0.32 per diluted share [14][15] - Non-GAAP adjusted EBITDA was negative $306,000 for Q4 and negative $1.2 million for the fiscal year, showing improvement compared to the prior year [15][16] Business Line Data and Key Metrics Changes - Professional contract staffing services revenues for Q4 and the fiscal year were $20.4 million and $84.7 million, both down 11% from the prior year [10][11] - Direct hire revenues for Q4 and the fiscal year were $3.1 million and $11.8 million, down 9% and 3%, respectively, compared to the prior year [10][11] Market Data and Key Metrics Changes - The hiring environment for staffing services has been challenging since the second half of 2023, with many businesses implementing layoffs and hiring freezes [3][4] - The impact of macroeconomic uncertainty, interest rate volatility, and inflation has led to a cooling effect on U.S. employment [3][4] Company Strategy and Development Direction - The company is focusing on streamlining core operations and improving productivity to match lower business volumes, with a goal to restore profitability in fiscal 2026 [7][13] - There is a renewed focus on VMS and MSP sourced business, including the integration of AI technology into recruiting and sales processes [7][13] - The company aims to pursue acquisition opportunities, particularly in AI consulting, cybersecurity, and IT consulting [16][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in being positioned to meet increased demand from existing customers and win new business as economic uncertainty subsides [8][9] - The company has paused share repurchases and is focused on restoring growth and profitability [8][9] Other Important Information - The company has a strong balance sheet with $21.4 million in cash and no outstanding borrowings, indicating substantial liquidity [15][16] - The company has consolidated or closed about six offices in response to lower demand [25][26] Q&A Session Summary Question: What is the company's timeline for achieving your goal of $1 billion in revenue per year? - The timeline is uncertain due to changes in the market and the pandemic, but the company is committed to returning to growth [20] Question: What changes are going to be made to raise the stock price? - The first step is to return to profitability, followed by pivoting the business to grow despite current challenges [21] Question: Are you consolidating offices given lower demand? - Yes, the company has consolidated or closed about six offices over the last two to three years [25] Question: Will you consider initiating a buyback once you have visibility into achieving profitability again? - This option is evaluated at every board meeting, and restoring profitability will influence this decision [27] Question: Can you elaborate on why there is such a focus on growing the company via acquisitions versus increasing future earnings per share? - The focus on acquisitions is to position the company for better growth and profitability rather than immediate buybacks [28]

Financial Data and Key Metrics Changes - Consolidated revenues for Q4 2025 were $23.5 million, down 10% from the prior year, and $96.5 million for the fiscal year, also down 10% [11][12] - Gross profits for Q4 were $8.4 million with a gross margin of 35.8%, while for the fiscal year, gross profits were $33.4 million with a gross margin of 34.6% [5][12] - Loss from continuing operations for Q4 was $613,000 or $0.01 per diluted share, and for the fiscal year, it was $34.7 million or $0.32 per diluted share [6][16] - Non-GAAP adjusted EBITDA was negative $306,000 for Q4 and negative $1.2 million for the fiscal year, showing improvement compared to the prior year [5][17] - The company had a working capital ratio of 4.1 to 1 and positive free cash flow of $533,000 for the fiscal year [17] Business Line Data and Key Metrics Changes - Professional contract staffing services revenues for Q4 were $20.4 million, down 11%, and for the fiscal year, $84.7 million, also down 11% [11][12] - Direct hire revenues for Q4 were $3.1 million, down 9%, and for the fiscal year, $11.8 million, down 3% [11][12] - The decrease in gross profit dollars was mainly due to lower volumes in professional contract staffing services, while gross margins improved due to a higher mix of direct hire placements [12] Market Data and Key Metrics Changes - The staffing industry continues to face challenges due to macroeconomic uncertainties, interest rate volatility, and inflation, leading to a cooling effect on U.S. employment [3][4] - Many businesses have implemented layoffs and hiring freezes, impacting job orders for both contract and direct hire placements [4][5] Company Strategy and Development Direction - The company aims to restore profitability and growth by focusing on cost reduction, streamlining operations, and integrating AI technology into recruiting and sales processes [8][15] - The acquisition of Hornet Staffing is seen as a strategic move to enhance growth and profitability, with plans for further acquisitions in AI consulting and IT sectors [10][18] - The company is exploring opportunities in offshore and nearshore recruiting to expand its capabilities [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet increased demand as economic conditions stabilize [9] - The focus remains on returning to profitability as soon as possible, with expectations for improvements in mid-fiscal 2026 [15][18] - Management acknowledged the importance of AI in both reducing workforce needs and enhancing business growth [40] Other Important Information - The company has paused share repurchases and is considering them as a future capital allocation strategy once profitability is restored [9][30] - The liquidity position remains strong with $21.4 million in cash and no outstanding borrowings [17] Q&A Session Summary Question: What is the company's timeline for achieving your goal of $1 billion in revenue per year? - The timeline is uncertain due to changes in the market and the pandemic, but the company is committed to returning to growth [22] Question: What changes are going to be made to raise the stock price? - The first step is to return to profitability, followed by a pivot in the business to leverage AI and automation [23] Question: Are you consolidating offices given lower demand? - Yes, the company has closed about 6 offices over the past two to three years [28] Question: Would you consider initiating a buyback once you have visibility into achieving profitability again? - This is a strategic option evaluated at every board meeting, but profitability must be restored first [30] Question: Can you elaborate on why there is such a focus on growing the company via acquisitions versus increasing future earnings per share? - The focus on acquisitions is to enhance growth and profitability, which is seen as a better return than stock buybacks at this time [31]

Core Insights - FTI Consulting has appointed four senior hires to enhance its Transformation practices in London, focusing on operational performance and transformation capabilities for Private Equity and Financial Services clients [1][2] Group 1: New Appointments - Jan Timmermann, Malvinder Singh, Rakhi Williams, and Irina Bakanova have joined FTI Consulting, with Timmermann and Singh as Senior Managing Directors and Bakanova as a Managing Director [1][2] - Timmermann brings over 25 years of experience and has led more than 80 private equity assignments, specializing in operational and carve-out due diligence [2][3] - Singh has extensive experience in technology and operational transformation projects for private equity firms, focusing on post-deal value creation [4][5] - Williams has led transformation programs for private equity and listed companies, focusing on value creation and operational performance [6][7] - Bakanova has expertise in strategy and digital transformation within financial institutions, previously serving as Head of Strategy at Zing, a fintech of HSBC [7] Group 2: Strategic Focus and Goals - The new hires will enhance FTI Consulting's capabilities in financial, operational, carve-out, and technology due diligence, positioning the firm to better support clients throughout the investment cycle [2] - Timmermann will lead the expansion of integrated operational due diligence solutions and post-deal value creation services for private equity clients [3] - Singh aims to help clients leverage advanced digital technologies to improve operational performance [5] - Williams will focus on expanding transformation and value creation solutions for private equity portfolio companies in the consumer and TMT sectors [6] - Bakanova's role will involve driving strategy and innovation within financial institutions [7] Group 3: Company Overview - FTI Consulting is a leading global expert firm specializing in crisis and transformation, with over 8,100 employees in 32 countries as of September 30, 2025 [8] - The company generated $3.70 billion in revenues during fiscal year 2024 [8]

Core Insights - FTI Consulting has appointed four senior hires to enhance its Transformation practices in London, focusing on operational performance and transformation capabilities for Private Equity and Financial Services clients [1][2] Group 1: Appointments and Expertise - Jan Timmermann, Malvinder Singh, Rakhi Williams, and Irina Bakanova have joined FTI Consulting, bringing complementary expertise in deal execution, transformation, and value creation [2] - Mr. Timmermann has over 25 years of experience and has led more than 80 private equity assignments, specializing in operational and carve-out due diligence [2][3] - Mr. Singh has extensive experience in technology and operational transformation projects for private equity firms, focusing on post-deal value creation [4][5] - Ms. Williams has led transformation programs for private equity and listed companies, focusing on value creation and operational performance [6] - Ms. Bakanova has expertise in strategy, innovation, and digital transformation within financial institutions, previously serving as Head of Strategy at Zing, a fintech of HSBC [7] Group 2: Company Growth and Strategy - FTI Consulting aims to enhance its capabilities in financial, operational, carve-out, and technology due diligence to better support clients throughout the investment cycle [2] - The firm generated $3.70 billion in revenues during fiscal year 2024, indicating strong financial performance [8] - FTI Consulting employs over 8,100 staff across 32 countries, showcasing its global reach and operational scale [8]

Core Viewpoint - The article discusses the transformative impact of artificial intelligence (AI) on management practices, suggesting a shift from human-led management to AI-driven organizational structures [3][4]. Group 1: New Cognitive Paradigm - The emergence of AI agents with advanced cognitive abilities will disrupt the traditional management framework based on human biological limitations [4][5]. - Companies need to transition from a "human-centric" management paradigm to an "AI-native" cognitive paradigm, fundamentally reshaping their organizational DNA [5][6]. Group 2: Collapse of Traditional Systems - Traditional management systems, which were designed to compensate for human cognitive limitations, are becoming obsolete as AI agents take over execution roles [5][7]. - Key Performance Indicators (KPIs) are becoming less relevant, as AI agents can navigate complex problem spaces without rigid constraints [7][8]. - The supervisory mechanisms that were once necessary for human oversight are now redundant, as AI agents can understand and execute tasks autonomously [7][8]. Group 3: Definition of AI-native Enterprises - AI-native enterprises require a new operational framework focused on cognitive evolution rather than resource management [7]. - The five aspects defining an AI-native enterprise include: 1. Architecture as intelligence, shifting focus from risk management to maximizing data throughput and intelligent emergence [7]. 2. Growth as compounding, where valuation is based on the speed of cognitive structure compounding rather than headcount [7]. 3. Memory as evolution, necessitating a long-term memory hub that continuously updates organizational knowledge [7]. 4. Execution as training, where all departments function as model training units, updating the internal world model with each interaction [7]. 5. Humans as meaning-makers, transitioning from being mere resources to becoming curators of intent and cognitive architects [7]. Group 4: Industry Trends - The article highlights a broader trend where AI is reshaping organizational structures, reducing the demand for generalist analysts while increasing the need for mid-career professionals with specialized knowledge [8]. - Companies are adopting a "box model" structure, where the number of senior and junior employees is becoming more balanced, emphasizing the role of experienced professionals over entry-level analysts [8].

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. When a big-ticket merger or acquisition is announced, the deal’s dollar value tends to make headlines. But, behind the scenes, executive compensation agreements can generate just as eye-popping figures. That notion was reaffirmed in professional services firm Alvarez & Marsal’s latest Executive Change in Control Report released Tuesday. In the company’s analysis of change i ...

Core Insights - Women We Admire has announced The Top 50 Women Leaders of Milwaukee for 2025, highlighting the intersection of enterprise and creativity in the city, which has evolved from a manufacturing heritage to strong sectors like finance, food and beverage, energy, and technology [1] Group 1: Honorees - Amy Foss, Partner Business Development Manager at Cisco, focuses on expanding networking solutions and software revenue while enhancing partner profitability through data-driven insights [2] - Jordan Kush, Director of Strategy Advancement at Humana, is recognized for streamlining operations and improving communication, leading to increased team productivity and audience reach [3] - Meredith Gannon, Chief Strategy and Marketing Officer at GE Healthcare, aims to drive growth and innovation in healthtech, focusing on patient care and health outcomes through innovative solutions [4] Group 2: Additional Honorees - The list includes notable leaders such as Cheryl Carron (JLL), Dr. Jaya Phookan (Advocate Health), and many others, showcasing a diverse range of industries and expertise [6]

Core Insights - Bonk, Inc. has completed a strategic refresh of its Board of Directors, appointing three new members to enhance expertise in digital assets and capital markets [1][2][3] - The new Board composition gives Bonk-aligned members a clear majority, with a total of seven members [2] - The company is focusing on its subsidiary, BONK Holdings LLC, as part of its new strategy [2] New Appointments - Connor Klein, an investment partner at New Form Capital, brings expertise in financial infrastructure and DeFi [4] - Stacey Duffy, a financial due diligence expert, has extensive experience in complex transactions for corporate and private equity clients [4] - Jamie McAvity, co-founder and CEO of Cormint, Inc., has a proven track record in scaling high-growth operations in the digital asset space [4] Board Changes - The resignations of Jordan Schur and Rich Pascucci from the Board were announced, although Schur will continue as President of Bonk, Inc. [3] - The new appointments are seen as a strategic advantage for the company as it aims to build a premier public vehicle for the BONK ecosystem [3][4] Company Strategy - Bonk, Inc. is evolving to bridge traditional public markets with the digital asset ecosystem, focusing on acquiring revenue-generating assets within the DeFi space [3] - The company also has a beverage division that includes a patented product designed to reduce blood alcohol content [3]