Allbirds Co-Founder Assumes New Role Amidst Job Cuts

Following the management reshuffle, Allbirds co-founder Joey Zwillinger will now be the sole CEO.

In a separate filing, the sustainable footwear brand also announced that it has terminated 21 corporate jobs, amounting to approximately 9 percent of Allbird’s corporate workforce.

The job cuts come after Allbirds cut 8 percent of its workforce in August, as it began its transformation efforts.

In its most recent trading update in early March, Allbirds announced a revenue uptick of 7% to $297.8 million for the year 2022, despite a 13% decrease in fourth-quarter sales to $84.2 million.

The San Francisco company also revealed the appointment of Annie Mitchell to the role of chief financial officer, effective April 24.

Mitchell succeeds Mike Bufano, who will be stepping down from Allbirds and will remain with the company through mid-May to ensure a smooth transition..

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