Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
(Associated Press) – Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and
STORY: Peloton CEO Barry McCarthy, who took the helm two years ago to revive the flagging fitness firm, is stepping down. His departure, announced by the company Thursday, comes as demand for Peloton’s connected bikes and treadmills remains weak.Sales have waned since gyms reopened post-pandemic, followed by a cutback in consumer spending due to elevated inflation. McCarthy replaced founder John Foley in 2022, and with business chops honed at Netflix and Spotify, rebranded Peloton into a...
Peloton stock is on a roller-coaster ride after announcing a leadership change and restructuring plan. Here's what you need to know.
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.
Peloton CEO Barry McCarthy has stepped down, the company said on Thursday as it decided to cut 15% of its workforce to tackle a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 8% before the bell as it also plans to cut back its retail presence owing to weak demand that has forced Peloton to push back its goal of returning to positive cash flow. Peloton chairperson Karen Boone and director Chris Bruzzo will serve as interim...
India's Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs. © 2024 TechCrunch. All rights reserved. For personal use only.
It’s Official – Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO https://t.co/LwDb2gCKOc— Deadline Hollywood (@DEADLINE) April 29, 2024Those Paramount Layoffs have added another to their number - the CEO (though he may have justleft)?After almost 30 years at the company, Bob Bakish is out. Paramount does seem to be on the sales block to Skydance Media, and the earnings report is soon.Very soon.I think today?It's a lot of business guff, you don't care about...
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a U.S. media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will
Elon Musk has called for “absolutely hardcore” job cuts at Tesla, as the company lays off hundreds more employees in an attempt to control costs.
Peloton said on Thursday that its CEO, Barry McCarthy, was stepping down and it would lay off more workers, as it continued to struggle in the fitness market.