Alongside the news of the layoffs, Arrival also announced a change in leadership. Peter Cuneo, former Marvel Entertainment CEO, who took over as Arrival CEO less than three months ago, is handing over day-to-day operations to former Executive Vice President of Digital, Igor Torgov. Torgov has held numerous leadership positions at companies such as Atol, Bitfury, Yota, Columbus IT, and Microsoft before joining the startup in 2020. He now holds the responsibility of turning around the once-promising startup.
