Rent the Runway Names Retail Veteran Paige Thomas as CEO as the Platform Streamlines Operations and Reports Strong Q2 Growth

By PYMNTS | September 11, 2026 NEW YORK — Designer apparel rental pioneer Rent the Runway announced a major leadership transition on Friday, September 11, appointing Chief Commercial Officer and retail industry veteran Paige Thomas as its new Chief Executive Officer, President, and member of the Board of Directors. Thomas, whose extensive executive background includes…

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Amazon Streamlines AI Strategy: Job Cuts Hit AGI Division Amid Organizational Overhaul

By PYMNTS July 22, 2026 Amazon, the e-commerce and cloud computing titan, confirmed on Wednesday (July 22) that it has implemented a new round of job cuts within its Artificial General Intelligence (AGI) division. The decision marks the latest step in a protracted period of organizational restructuring as the company seeks to focus its resources…

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Target Streamlines Strategy Operations as CEO Michael Fiddelke Accelerates Turnaround Efforts

By PYMNTS | July 8, 2026 Target Corporation is initiating a significant reorganization of its corporate strategy team, a move that signals the next phase of the retail giant’s aggressive effort to reclaim its market dominance. As the company continues to navigate a volatile retail landscape, the internal restructuring aims to sharpen the focus of…

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