Many large companies are removing layers to move faster and spend less. Across Corporate America, the average manager to employee ratio has stretched from roughly 1 to 5 in 2017 to about 1 to 15 by 2023. Google, Amazon, Intel, and Estée Lauder are among the firms that cut middle management in pursuit of speed, clearer accountability, and lower cost structures. The intent is simple. Fewer layers should mean quicker decisions and less bureaucracy. The reality is more nuanced.

This week’s edition looks at how leadership teams are reshaping strategy and structure under pressure from markets, politics, and talent dynamics. You will see why Renault tapped an experienced operator to steer Dacia through a competitive cycle, how BlackRock is pressing state officials to keep pension investing focused on fiduciary duty, and why Milan is pulling finance leaders with tax incentives even as global fundraising cools. We also cover a surge in asset management dealmaking that points to a scale and capability race, plus a rapid flattening of corporate org charts that is changing how managers lead.

Citigroup finds itself in a classic leadership bind. The bank recruited Andy Sieg in 2023 to accelerate its wealth strategy and simplify a sprawling organization. Since then, Citi has pointed

This week’s roundup tracks how leaders handle scrutiny, culture, retention, and risk in a volatile environment. You will see why Citi is backing a top executive during an ongoing investigation, how psychological safety drives innovation, and what happens when a firm tightens non-compete rules during a rough market patch. We also highlight new research on crisis readiness and a governance probe into alleged diversity data manipulation.