#restructuring

CS, they will be promoted to VP/GM America's a new geo combining na and LA, GC will be transformed to apac and EMea will remain the same.

Congratulations to them once returned from sabbatical

https://www.aol.com/peloton-beats-expectations-announces-further-212747746.html

Peloton shares rose after the company reported surprise quarterly earnings, driven by higher sales and cost-cutting measures, while announcing it will lay off 6% of its workforce as part of a new restructuring plan. The New York-based fitness company aims to save at least $100 million by fiscal year 2026 through reducing its global team, cutting indirect spending, and relocating certain operations, with about half the savings expected from the layoffs.

This latest reduction follows larger cuts in recent years, including a 15% workforce reduction in 2024 (about 400 positions) and about 1,300 job losses in 2022. While Peloton’s stationary bikes and treadmills saw huge demand during COVID-19 lockdowns, sales have steadily declined since 2021 as gyms reopened and customers returned to pre-pandemic routines. The company now anticipates falling hardware sales and fewer subscriptions to its fitness software products

Amdocs announced the launch of a new GenAI & Data division aimed at integrating artificial intelligence into all aspects of its products, services, and operations, consolidating product, engineering, strategy, and go-to-market teams under one unit led by Senior Vice President Ilan Sade. While the company positions this move as a strategic step to strengthen its leadership in the global IT and telecom market, it is also preparing for another wave of layoffs expected to impact hundreds of employees in Israel and worldwide. This follows recent workforce reductions, including 2,700 layoffs in 2023 and 1,500 in 2024, as Amdocs adapts its organizational structure to align with business opportunities and efficiency goals.

https://www.calcalistech.com/ctechnews/article/bl7qwfsuw

It’s initially good. Because of this change there might be new trust into the company strategy and boost sales/confidence/stocks from external peers.

However medium/long term we will see what the new CEOs strategy is. If they will downsize the company or what. Layoffs won’t stop so don’t get cushiony. However there’s a chance with new external confidence in leadership lowering the frequency or amount of restructuring.

Agree, @a1+1k2cdja1v. No place for too much optimism.

Leaders are overwhelmed and not sharing updates about a “big announcement” coming this month. There is no structure or strategic plans in place. People keep getting moved around. No hiring outside the dept. Development plans are being forced on employees. WTF