// Tim Brown has transitioned from co-chief executive officer to co-founder and chief innovation officer at Allbirds
// The sustainable footwear retailer revealed it has axed 21 corporate jobs – approximately 9% of its workforce
Allbirds co-founder Tim Brown has transitioned his role from co-chief executive to chief innovation officer.
Joey Zwillinger, which Brown founded the footwear retailer with back in 2016, will remain sole chief executive.
Brown said: “Joey and I, together with the board made the decision to transition my title from co-founder and co-CEO to co-founder and chief innovation officer. I’m looking forward to supporting Joey as he continues to lead the business as our CEO on a day-to-day basis.
“While my role has changed, one thing hasn’t: my long-term focus and belief in the potential of this brand and business. I know both how far we have come and how much further we can go.”
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In a separate filing, the sustainable footwear business also said that it has terminated 21 corporate jobs, amounting to approximately 9% of Allbird’s corporate workforce.
The job cuts come after Allbirds laid off 8% of its global workforce in August and “dramatically” slowed the pace of corporate new hires as it began its cost-cutting efforts.
In March, Allbirds posted fourth-quarter revenues of £69.5m, down 13% year on year.
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