6 stories from 6 sources
Supporting Articles
Microsoft is preparing significant layoffs in its Xbox division next month, according to people familiar with the plans. Internal messaging has framed the changes as a reset, and the cuts could include studio closures or shifts to projects and team structures.
5:28 PMThe VergeNike brought back veteran leader Elliott Hill to reset the business, but the turnaround has not taken hold. The company is still running into problems in running performance credibility, product creation, and brand strategy execution.
4:00 PMBloomberg MarketsRussell Horwitz, a senior Goldman Sachs executive, opposed CEO David Solomon’s support for general counsel Kathy Ruemmler. Horwitz is leaving the bank after raising the internal dispute.
12:00 AMFinancial TimesSummary
Microsoft is preparing significant layoffs in its Xbox division next month, according to people familiar with the plans. Internal messaging has framed the changes as a reset, and the cuts could include studio closures or shifts to projects and team structures.
Why it matters
A contraction at Xbox can alter game pipelines, platform strategy, and the competitive balance among major publishers.
Summary
Nike brought back veteran leader Elliott Hill to reset the business, but the turnaround has not taken hold. The company is still running into problems in running performance credibility, product creation, and brand strategy execution.
Why it matters
Nike is a bellwether for consumer demand and brand pricing power, and prolonged stumbles can reshape market share across footwear and apparel.
Summary
Russell Horwitz, a senior Goldman Sachs executive, opposed CEO David Solomon’s support for general counsel Kathy Ruemmler. Horwitz is leaving the bank after raising the internal dispute.
Why it matters
Leadership disputes over the general counsel role can reshape power dynamics and risk posture at a systemically important bank.
A curated list of other prominent stories from this day.
Logan Finance named Mark Luzi as Western managing director of sales, effective May 26. He will lead the company’s broker and correspondent business across the Western region.
4:54 PMHousing WireVocalink has appointed Sir Jon Thompson as its independent non-executive chair after a formal selection process. Thompson previously led HMRC and brings senior public-sector governance experience into the payments infrastructure firm.
9:49 AMFinextraT3 appointed Anne-Cécile Brilland as chief executive officer. She joins from IGK Hair and will run the premium hair tools brand alongside its co-founders.
12:00 AMBusiness of FashionSummary
Logan Finance named Mark Luzi as Western managing director of sales, effective May 26. He will lead the company’s broker and correspondent business across the Western region.
Why it matters
In Non-QM, channel leadership changes can quickly shift where brokers and correspondents send loans, affecting volume and market share in a key region.
Summary
Vocalink has appointed Sir Jon Thompson as its independent non-executive chair after a formal selection process. Thompson previously led HMRC and brings senior public-sector governance experience into the payments infrastructure firm.
Why it matters
Leadership at a core payments utility can shift regulatory confidence, operational risk appetite, and the pace of strategic change across the UK payments ecosystem.
Summary
T3 appointed Anne-Cécile Brilland as chief executive officer. She joins from IGK Hair and will run the premium hair tools brand alongside its co-founders.
Why it matters
A credible operator CEO can turn a founder-led premium brand into a scalable platform or expose governance friction that stalls growth.
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