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Peloton to cut 15% of workforce, CEO Barry McCarthy stepping down
Fitness giant Peloton announced on Thursday that it is cutting 15% of its staff worldwide or about 400 employees, and CEO Barry McCarthy will be stepping down as the company struggles to find its financial footing.
Peloton Stock Drops 10%. Its CEO Is Stepping Down and There Are Layoffs.
Peloton Chief Executive Officer Barry McCarthy, who took the position in 2022, is stepping down, the company said in a news release. His leave comes after shares have dropped 58% over the last 12 months.
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its busines
Peloton laying off around 15% of workforce; CEO Barry McCarthy stepping down
Peloton is laying off around 15% of workers, the company announced Thursday, in addition to CEO Barry McCarthy stepping down. After Peloton's financial results for 2024's third quarter were made available Thursday,
Peloton cutting around 400 jobs worldwide, CEO stepping down
The company is planning to restructure to “align the company’s cost structure with the current size of its business."
Peloton Tumbles After Announcing CEO Exit, Layoffs
Bloomberg's Mark Gurman joins Caroline Hyde and Ed Ludlow to discuss Peloton shares falling to a record low after its CEO announced plans to step down as the company embarked on a major restructuring.
Peloton replaces CEO after 90% slide in stock during his tenure
Barry McCarthy is stepping down as Peloton’s CEO, the connected-fitness company announced on Thursday morning.
Peloton stock sinks to record low as CEO steps down
Peloton shares fell to a record low after CEO Barry McCarthy stepped down. Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Thursday,
Peloton’s CEO steps down as company lays off 15% of workforce
Peloton announced Thursday that its CEO is stepping down. Meanwhile, the company is laying off 15% of its workforce to refinance its debt
Peloton Stock Drops 13%. Its CEO Is Stepping Down and There Are Layoffs.
Current Peloton Chairperson Karen Boone and board director Chris Bruzzo will serve as interim co-CEOs until the company completes its search for McCarthy’s replacement. Peloton
Peloton Slashes 15% Of Its Staff As CEO Steps Down
The company said it moved forward with layoffs because it “simply had no other way to bring its spending in line with revenue.”
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Peloton cutting 400 jobs worldwide, CEO stepping down
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