CEO is out, major layoffs incoming.
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Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.”
https://www.forbes.com/sites/brianbushard/2022/07/25/weber-cuts-ceo-warns-of-layoffs-as-grill-maker-embraces-historic-economic-challenges/?sh=78fa578f42a5