GOOD MORNING, CFO

Friday, September 12, 2025

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HEADLINES & DEADLINES

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Job market cracks widen

  • U.S. consumers see just a 44.9% chance of landing a new job within 3 months if unemployed, the lowest since 2013 (NY Fed).

  • BLS revised down 911,000 jobs from 2024–25 totals, cutting earlier growth estimates in half.

  • Producer prices fell, adding fuel to Fed rate cut expectations.

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CFO churn & moves

  • Fortune 500/S&P 500 CFO turnover hit 71 in H1, with 72% internal hires.

  • Dell CFO Yvonne McGill resigned, Yum! promoted Ranjith Roy, Spectrum Brands terminated its CFO, and Sweetgreen hired Jamie McConnell.

  • Nestlé CEO ousted after a second favoritism probe, CFO confirmed details.

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AI, cyber & compliance risks

  • Fed says AI-driven job displacement may already be showing up in weak data.

  • Companies rushing into AI adoption face governance and privacy gaps.

  • Cyber claims fell 53% in H1, but ransomware losses grew 20%.

  • Finance’s image problem: only 18% of business partners think finance prioritizes strategic needs.

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Consumer squeeze

  • Thrift store visits up 39.5% since 2019, far outpacing overall retail, signaling economic strain.

  • Gas (+3.9%) and food (+5.5%) price expectations are rising.

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Corporate & markets

  • Tesla CFO sold more shares as Musk pushes a $1T pay package.

  • Walmart CFO trimmed planned stock sales.

  • Novo Nordisk cutting 9,000 jobs as it loses weight-loss market share.

FAST FACTS

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  • 911,000 jobs cut from BLS estimates

  • 44.9%: consumer confidence in job search success (12-year low)

  • $40B: projected AI-driven fraud losses by 2027

  • 9%: employer healthcare cost increase expected in 2026

MORNING HACKS

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  • Run workforce audits: focus on upskilling early-career hires in problem-solving and initiative.

  • Tighten AI compliance: map privacy and risk controls before scaling adoption.

  • Stress-test tariff exposure: model cost, pricing, and supply chain pivots.

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