AI cost cutting is eroding company culture and future profits

Rest assured that if a leader can cut expenses to boost profits, they will often do so without hesitation. This practice is likely to worsen in the years ahead as leaders are drawn in by the use cases for AI and the subsequent opportunity to cut more jobs to save money. It sucks to say this, but it’s the cold, hard truth. In the process of all this cost-cutting, are leaders losing sight of company culture and how a great culture could unleash significant profits? Yahoo Finance Executive Editor Brian Sozzi sits down on the Opening Bid Unfiltered podcast with veteran board member and top executive James D. White. White is the co-author, with his daughter Krista, of the new book "Culture Design: How to Build a High-Performing, Resilient Organization with Purpose." White comes from a place of deep experience on the topic, having led a successful turnaround of Jamba Juice as CEO for eight years. He has sat on the boards of Affirm and Panera Bread. He currently sits on the boards of Cava and Jessica Alba’s The Honest Company. White shares why creating a great corporate culture is paramount and how it can be achieved with success.

Yahoo Finance's Opening Bid Unfiltered brings you a high-octane take on the freshest analyst calls, wildest stock moves, and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor, before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid Unfiltered at http://finance.yahoo.com/videos/series/opening-bid/.

Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com.

Yahoo Finance's Opening Bid Unfiltered is hosted by Brian Sozzi and produced by Langston Sessoms.

Learn more about your ad choices. Visit megaphone.fm/adchoices