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the united states has begun a major cleanup of indian ceo executives! many technology giants have plans

2024-09-03

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original title: the united states has begun a major purge of indian ceo executives! many technology giants have plans

according to media reports and statistics from research service agency exechange.com on september 3, among the 191 ceos who left russell 3000 index companies this year, 74 were fired or forced to leave. this is the year with the most executives stepping down since 2017.

it is particularly noteworthy that the sudden resignation of starbucks ceo laxman narasimhan was interpreted by the market as a signal of a major purge of indian ceos by american companies.

narasimhan's departure score was 9, close to the rating for being fired, but his departure was not an isolated incident.

it has been reported that many well-known american companies have begun to "clean up" indian executives. in addition to starbucks, technology giants such as google and twitter also have plans to "clean up" indian executives.

it is worth mentioning that not long after indians came to work in silicon valley, they established an organization called the indian entrepreneurs association, advocating the establishment of various interpersonal networks to accumulate strength for cultivating the next generation of indian entrepreneurs.

currently, the association has 54 branches in 13 countries and has more than 10,000 members. when an indian becomes a department head, they will immediately recruit a large number of indians, which is what happened when narasimhan joined starbucks.

ibm's current indian ceo arvind krishna has just decided to close its r&d department in china and lay off about 1,600 chinese employees, and is constantly increasing ibm's positions in india.