Meati Foods puts CFO Phil Graves at the helm as it cuts 13% of its workforce

February 20, 2024 mpsingh No Comments Technology cuts, Foods, puts, workforce

After naming Phil Graves the chief financial officer of alternative protein maker Meati Foods at the beginning of February, he is now the company’s new chief executive officer. Co-founder Tyler Huggins will transition into the role of chief product and brand officer, where he will oversee the company’s brand refocus as Meati, maker of alternative [...]read moreMeati Foods puts CFO Phil Graves at the helm as it cuts 13% of its workforce

Nike to cut 2% of workforce as sportswear giant seeks savings

February 16, 2024 mpsingh No Comments Business cut, giant, Nike, seeks, workforce

By Bloomberg Published Feb 16, 2024 Nike Inc. will slash its global workforce by about 2% as the sportswear giant pushes on with efforts to reduce costs to counter a weaker sales outlook and growing competition. DR The Oregon-based firm didn’t provide the number of workers that will be affected, though it currently has about [...]read moreNike to cut 2% of workforce as sportswear giant seeks savings

Estée Lauder surges on plan to cut up to 5% of workforce

February 5, 2024 mpsingh No Comments Business cut, Plan, workforce

By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of the [...]read moreEstée Lauder surges on plan to cut up to 5% of workforce

Rent the Runway COO departs amid workforce cuts

January 11, 2024 mpsingh No Comments Business cuts, Rent, workforce

Rent the Runway has announced Anushka Salinas, chief operating officer and president, has resigned effective January 31, as part of the luxury retailer’s latest workforce layoffs impacting 10% of its overall staff. Rent the Runway The U.S. company said in a SEC filing that some 37 positions will be affected by the latest round of layoffs, [...]read moreRent the Runway COO departs amid workforce cuts