15 million jobs articles
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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...
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What Would You Do With $15 Million of City Money? Petition Would Give Portlanders a Say
If a participatory budgeting campaign gets off the ground, residents would be able to spend 2 percent—about $15 million—of the city’s budget each year on community projects. by Taylor Griggs If Portland residents were given access to a percentage of the city’s budget to work on projects most important to them, what would they choose? According to participatory budgeting (PB) advocates, the results could be much more reflective...
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Caitlin Clark's Massive $15 Million Big3 Offer Revealed
Ice Cube’s Big3 league is trying hard to get in the Caitlin Clark business. Last month, TMZ revealed that the Big3 had offered Clark a $5 million/year contract, but apparently, the offer was much bigger than previously reported. According to BIG3 president Jeff Kwatinetz, the upstart league not only offered Clark $5 million a year […]