10 Things in Tech: The top technology news for Feb. 9 – Business Insider
Howdy tright here. Peloton introduced It is chopping 2,800 jobs, and crypto lovers are investing Inside The subsequent huge factor: Yats.
Let’s dive in.
If this was forwarded to you, En…….
Howdy tright here. Peloton introduced It is chopping 2,800 jobs, and crypto lovers are investing Inside The subsequent huge factor: Yats.
Let’s dive in.
If this was forwarded to you, Enroll right here. Acquire Insider’s app – click on right here for iOS and right here for Android.
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1. Peloton is in disaster mode. The agency introduced that cofounder John Foley will relinquish his position as CEO, To get changed by Barry McCarthy, a former Spotify and Netflix exec. The health agency Can additionally chop 2,800 jobs To reduce prices amid falling demand.
- In his first communication with staff, McCarthy despatched an e-mail discussing the “bitter capsule” of layoffs and outlining his imaginative and prescient for a “comeback story.” You will Have The power to study The complete e-mail right here.
- Leaked screenshots seen by Insider current the shockwaves from Peloton’s mass layoffs. Inside an hour, 50 staff had disappeared from an all-worker Slack channel — “Only An complete slaughtering, truthfully,” one former worker informed Insider.
- A quantity of completely different staff informed Insider they have been not sure Whether or not or not they nonetheless had jobs or not — and confusion has solely been amplified by a leaked e-mail from Peloton’s IT, which warned of “scheduled upkeep” Only as laid-off staff misplaced Slack entry.
- As An factor of the sevperiodnce plan for fired staff, Pelton is offering a curious revenue: a one-yr membership to Peloton.
- In the meantime, expertise-hungry recruiters wasted no time approaching laid-off staff. Brokers from corporations like Spotify and Amazon started offering their condolences — and Particulars …….
Source: https://www.businessinsider.com/10-things-in-tech-peloton-layoffs-feb-9-2022-2
