
The Leadership Gap: Why Companies Struggle to Retain Top Executives
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
September 16, 2022: -On Thursday, Adobe announced that it would acquire design software firm Figma in a deal worth approximately $20 billion in cash and stock.
Figma, founded in 2012, makes cloud-based creation software that allows teams to collaborate in real time. It competes head-to-head with Adobe’s XD program.
Figma, whose backers include the preferences of Index Ventures, Greylock Partners, and Kleiner Perkins, stands expected to generate over $400 million in annual recurring revenue this year, sources familiar with the company’s financials. Adobe confirmed Figma’s ARR would surpass $400 million exiting 2022.
Adobe said it would integrate some of the features from its other products, such as illustration, photography, and video technology, into Figma’s platform. Adobe sells software services for photo and video professionals, like Photoshop, Illustrator, Premiere Pro, and more.
“Adobe’s greatness is rooted in our ability to create new categories and deliver cuts-edge technologies through organic innovation and inorganic acquisitions,” said Shantanu Narayen, chairman, and CEO, of Adobe. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”
Once the deal closes, Figma founder and CEO Dylan Field will continue to run the company. He’ll report to David Wadhwani, president of Adobe’s digital media business.
Adobe also announced fiscal third-quarter results. It reported $4.52 billion in revenue, which beat analyst expectations of $4.43 billion. It reported adjusted earnings of $3.50 per share, topping Refinitiv estimates of $3.33 per share.
The company issued mixed guidance for the fiscal fourth quarter. Adobe said revenue in its fiscal fourth quarter would be $4.52 billion, compared to consensus estimates of $4.6 billion, according to StreetAccount. It expects to report earnings of $3.50 per share, adjusted above a StreetAccount forecast of $3.47 per share. Shares of Adobe slid more than 10% in premarket trading.
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
February 12, 2025: Donald Trump has announced a 25% tariff on all steel and aluminum imports, reigniting trade tensions between the US and its key partners
February 11, 2025: The European Union is preparing retaliatory tariffs against the United States in response to newly imposed 25% U.S.
February 06, 2025: California and Texas are experiencing extreme weather, bringing widespread disruptions and safety concerns.
February 04, 2025: The trial of Joël Le Scouarnec, a former French surgeon accused of sexually abusing hundreds of children
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you