“We do not take these decisions lightly”: Rapha hints at staff cuts following departure of CEO

September 23, 2026

Rapha has hinted at staff cuts in a statement that says proposed changes to the company involve an “organisational restructure” and “formal consultation process with affected team members”.

Early on Wednesday, Rapha CEO Fran Millar announced her resignation, warning of organisational changes “to reduce cost and drive efficiency”.

In the afternoon, Rapha released a statement announcing several business updates as part of its “ongoing transformation programme”.

Rapha wrote in the statement: “While there are encouraging green shoots, we believe significant changes are essential to establish a stronger, more sustainable path forward. bikeradar