Feb. 19 - Virginia passes bill creating new CPA pathway | Southwest to cut 15% of senior staff

Daily Dive

Feb. 19, 2025 | Today’s news and insights for finance leaders

BROUGHT TO YOU BY — AvidXchange

Intelligent AP Software Backed by Experts

Streamline AP workflows with AvidXchange. Eliminate manual tasks, gain visibility and focus on what matters most. Automate your AP.

Virginia becomes second state to pass new CPA pathways legislation

The push to offer alternative routes to licensure that don’t require 150 hours of college credit is gaining momentum this year.

Southwest to cut 15% of leadership staff ahead of CFO shift

The “unprecedented” layoffs of senior and corporate leaders come as Breeze Airways alum Tom Doxey gears up to take Southwest’s CFO seat.

‘Overhyped’ AI may trigger setbacks in stock market: Fed official

Roughly eight out of 10 CFOs plan to boost spending on generative AI and other technologies this year, Gartner found in a survey.

Fintech Predictions 2025 is here

Is AI just hype? What will big banks focus on this year? Hear Plaid Co-founder and CEO Zach Perret’s take on these trends to get ahead in 2025. Watch now.

Q&A

Trade wars 101: A look back at tariffs

Behind the Tariff Act of 1930, the current trade war is the second broadest over the last century, Tax Foundation Senior Economist Alex Durante says.

Meta, Microsoft, Workday join latest wave of tech layoffs

While 62% of tech CFOs surveyed plan job cuts, all said their organizations will probably expand overall headcount this year, according to a BDO study.

TRENDLINE

Risk management strategies in 2025

The rapid adoption of generative AI has created new vulnerabilities that businesses must vigilantly guard against. Learn how leaders are navigating the complexities of compliance while addressing rising threats in this Trendline.