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For Delta and Accenture CEOs, helping employees navigate the trade and tariffs uncertainty fits the company culture

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President Donald Trump’s tariffs and trade wars—and the uncertainty that has led to weaker U.S. consumer and business confidence—has seemingly put companies like Delta Air Lines into a tailspin.

The airline spooked investors when it cut expectations for first-quarter profits back in March and then, a month later, completely withdrew full-year guidance for 2025. Delta still anticipates reporting a profit this year, but CEO Ed Bastian warned that uncertainty around global trade made it “very difficult to predict what policies may look like over the course of the year.”

And yet, Bastian stuck with a commitment made by Delta before the trade wars to give employees a 4% pay hike, the fourth consecutive increase since 2022. 

“You don’t see a lot of companies leaning in in the face of uncertainty,” says Bastian, sharing his thoughts during a live webinar conversation hosted by Fortune. Bastian says that the percentage of the increase was less important to employees than “the fact that we were putting fuel in their tank to get through these challenging times, as we’ve done many, many times in the past.”

Investing in learning

That logic helps explain why Delta is ranked 15th on this year’s Fortune 100 Best Companies to Work For list, which is compiled by editorial partner Great Place to Work. The latter cosponsored that webinar—entitled “Redefining Leadership: Mastering Change in a Complex World”—along with HR and workforce management provider UKG.

Accenture chair and CEO Julie Sweet also spoke at the webinar and shared that within the first week of the tariff headlines unfolding, the IT services and management consulting firm hosted 900 client webinars to discuss what was going on and how to respond. Internally, Accenture has invested in learning, equipping the company’s 10,000 managing directors with an AI-enabled database. This tool allows employees to ask questions about complex topics, like tariffs, and get up to speed so they can assist clients. Accenture also brought in a top economist to educate the workforce on tariffs.

What that says to employees, Sweet explains, is “I’m at a company that’s on top of it, that’s immediately helping me be successful in this environment.” Accenture ranks 7th on the Fortune 100 Best Companies to Work For list.

Within just a week of launching the tariff education initiatives, Accenture was already working to assess how it had reacted and if the programs launched were being well received.

“I think it’s super important to remember that people need communication,” says Sweet. “They need action. And as a company, being able to invest in being fast really matters to your employees as they’re going through these different times.”

Communicating to employees is also a top priority for Bastian at Delta. Earlier this week, he met with frontline workers in Salt Lake City, one of 15 employee engagement and career development sessions that the CEO hosts, known internally as “VELVET.” Delta has hosted these events for 19 consecutive years, dating back to when it was teetering toward bankruptcy.

Listening to employees

“It allows us to get back to the frontlines of our people, to listen to them,” says Bastian. “There’s a lot of people that want to tell us what we should be doing. The most important people to listen to are your own.”

Michael C. Bush, CEO of Great Place to Work, says he’s attended Delta’s frontline worker events and has witnessed the enthusiastic response to Bastian’s presence. “You can be a real person, you can be a caring person, you can be a developing, vulnerable person, and do great in business,” says Bush.

During Delta’s event in Utah, one topic that came up in conversations between senior leaders and frontline workers was the trade war and the impact of tariffs on travel. Consumer confidence has dropped to the lowest level since May 2020, putting anticipated pressure on discretionary spending, like travel. International travel into the U.S. is now expected to decline in 2025, a reversal from projections of an increase before the tariff news. 

But other data points indicate that, so far, foreign travelers are still coming to the U.S. Bastian struck a tone of optimism. His customer base, who tend to be more affluent, are still spending. “I think the experience economy, which is what we serve, is doing reasonably well,” he says. “You still see people in restaurants, you still see people on planes, you still see people planning their summer trips.”

At 100 years old, Delta has experienced plenty of choppy macroeconomic conditions, including when travel restrictions during the pandemic led to a halt on almost all travel demand. Bastian says in challenging times, he encourages his team to take care of themselves and also customers.

“Some leaders, when they’re hit suddenly, I think there’s a natural pause, and people pull back,” says Bastian. “I think true leaders step into it.”

External challenges also give leaders an opportunity to rethink their business approach. With all the geopolitical strife arising from trade wars between the U.S. and China, Sweet says, Accenture spends a lot of time talking to clients not just about planning scenarios, but also addressing new questions about which markets to invest in and where to hunt for growth. 

“Some of it’s about operational and financial resilience, but a lot of it is about what does this mean for growth,” says Sweet. “It’s not about the tariffs, it’s also about the broader implications that will have significant opportunities and challenges for businesses.”

This story was originally featured on Fortune.com



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Ulta Beauty secured Beyoncé’s haircare line. Now it’s getting in on ‘Cowboy Carter’ summer

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Good morning! Two female CEOs negotiate a major merger, the Diddy trial continues, and Ulta gets in on Cowboy Carter.

– Most wanted. If you attend a stop of Beyoncé’s Cowboy Carter tour over the next several weeks, you’ll see salon-inspired setups promoting the superstar’s new-ish haircare brand Cécred. Beyoncé’s tour has harnessed the power of the stadium to promote everything from her brand to her mother Tina Knowles’ recent memoir.

If you walk into an Ulta Beauty store that same weekend, you may see some similar activations. The beauty giant and Sephora competitor in April signed an exclusive deal to stock Cécred in 1,400 stores. As part of the Cowboy Carter tour, Ulta is hosting in-store events—and helping customers shop Beyoncé-inspired beauty looks.

Ulta’s CFO Paula Oyibo dives into the partnership in a new Fortune interview with my colleague Sheryl Estrada. The relationship demonstrates “how cultural relevance and financial impact can go hand in hand,” Oyibo says.

That’s not surprising to hear when the partner in question is Beyoncé. Her Renaissance world tour grossed $579 million. Cowboy Carter takes Beyoncé to new artistic territory, with its country music and America-themed visuals. It also provides new opportunities for brand integrations; Levi Strauss, already part of the Western-inspired fashion trend, has enjoyed being name-checked in Beyoncé’s song “Levii’s Jeans.” The brand just released a t-shirt with that cheeky misspelling.

Cécred was Ulta’s largest haircare launch ever—and Cowboy Carter is set to be the tour of the summer. In a competitive prestige beauty retail market, it’s smart for the $11 billion retailer to remind consumers that it’s part of that.

Read Sheryl’s full story here.

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Today’s edition was curated by Nina Ajemian. Subscribe here.

This story was originally featured on Fortune.com



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The AI training gap: Business leaders expect their employees to use AI at work but they aren’t providing them with any guidance

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Good morning! 

It seems as if every business leader in the world is trying to figure out how to embrace AI to stay competitive in a rapidly-changing tech landscape. But when it comes to effectively incorporating the technology, their workforce expectations are not quite lining up with reality. 

Only 10% of C-suite leaders say that their companies are future-ready, according to new data from The Adecco Group, which surveyed 2,000 people, in a report shared exclusively with Fortune. That lack of readiness is likely the result of shoddy workforce training. While almost two-thirds of leaders expect employees to update their skills for AI, only one-third of companies are providing a clear policy on how employees should be using the technology. 

Caroline Basyn, chief digital and IT officer at The Adecco Group, thinks that the training gap can be partially attributed to “ignorance” on the part of executives. “Leaders need to grasp and understand that AI is going to transform the way we work,” she tells Fortune. “There are some industries that have understood it. There are some industries that have not yet understood the relationship between leveraging AI and the results they will achieve, both in terms of revenue and in terms of productivity.” 

She adds that simply using AI isn’t enough—businesses have to completely rethink their organization and workflow to best harness the power of the technology. “Investing in AI products is potentially only half the battle,” she says. “The whole leadership team, the culture and the learning structure, is as important as developing the product in [and of] itself.” 

The report recommends that leaders act to “create, share, and adhere to a responsible AI framework as a matter of urgency” and ensure that employees are well-versed in the policy specifics. Leaders should also consider “an AI ethics committee, company-wide training, and forum for workers to voice concerns.” 

Basyn says there’s no one-size-fits-all model when it comes to training workers how to use AI, and emphasizes that the training program used yesterday may not work tomorrow. But she says that the more personalized AI workforce training is, the better. 

“We need to make career mobility a reality. We need to make sure that we’re planning for the disruption, and empower the employees to build new skills,” she says. 

Sara Braun
Sara.Braun@fortune.com

This story was originally featured on Fortune.com



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A serial entrepreneur, a musician, and Walmart’s CEO walk into an AI factory…

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