job cuts: Top IT companies cut over 72,000 jobs in FY24
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The Weeknd Pledges $2 Million to Provide 18 Million Loaves of Bread for Gaza Humanitarian Support
Abel “The Weeknd” Tesfaye, through his XO Humanitarian Fund, just pledged to donate $2 million to humanitarian support in Gaza. His donation aims to supply 18 million loaves of bread to support families under threat of starvation in the war-ravaged enclave. Teaming up with the United Nations World Food Programme (WFP), The Weeknd’s pledge will […] The post The Weeknd Pledges $2 Million to Provide 18 Million Loaves of Bread for Gaza Humanitarian Support first appeared on The Source.
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Peloton CEO steps down as company cuts 15% of staff
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.
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Peloton CEO steps down, company to cut 15% of jobs
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...