Outlook Business Desk
2024 has been tough for corporate leadership in the tech industry, with several major companies making headlines for firing their top executives, fueling discussions about market pressures, internal conflicts, and the changing expectations of leadership. Here's a look at some of the notable executive changes in tech companies this year.
Jurgen Muller, the CTO of SAP, was dismissed in September 2024 following sexual harassment allegations. In the wake of these allegations, German prosecutors launched a criminal investigation into Muller
Following Microsoft's acquisition of Activision Blizzard, President Mike Ybarra and Chief Design Officer Allen Adham left the company. Their departures occurred amid ongoing challenges, including workplace misconduct allegations and management issues
Pat Gelsinger, CEO of Intel, was ousted by the company's board in 2024. The decision followed concerns over Intel's struggle to regain market share and compete with rivals like Nvidia. A strategy review led to a loss of confidence in Gelsinger's leadership, resulting in his resignation
In July 2024, Bungie, the gaming studio, laid off 220 employees, or 17% of its workforce, affecting numerous executives and senior leaders. The company refocused its development efforts on Destiny and Marathon, restructuring its cost base due to rising development costs and changing market conditions
Peter George, CEO of Evolv Technologies, was dismissed in November 2024 amid an investigation into the company’s sales practices. Michael Ellenbogen, the Chief Innovation Officer, was appointed as interim CEO
In April 2024, Tesla, under Elon Musk's leadership, laid off several top executives, including Rebecca Tinucci (Senior Director of EV Charging) and Daniel Ho (Head of New Vehicles Program). These layoffs were part of a larger restructuring that impacted 14,000 employees
In July 2024, Intuit laid off approximately 1,800 employees, or 10% of its workforce, including several top executives. The layoffs were part of a broader restructuring aimed at streamlining operations and enhancing decision-making
In March 2024, Comtech, a global technology company, dismissed its CEO Ken Peterman due to undisclosed conduct-related reasons. John Ratigan, the Chief Corporate Development Officer, was appointed as interim CEO