Published 15 days ago

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff

Peloton CEO Barry McCarthy is leaving, and the company is cutting 400 jobs, aiming to save $200 million. Shares rose 11% before the market opened.
Barry McCarthy will be a strategic advisor, while Karen Boone and Chris Bruzzo will serve as interim co-CEOs. A permanent CEO is being sought.
Peloton's restructuring plan includes reducing global headcount by 15% to improve cash flow and invest in innovation, support, and marketing.

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The Guardian

Peloton CEO steps down as beleaguered company cuts 15% of workforce

Fitness company’s sales boomed during the Covid pandemic as gyms closed but sales collapsed as the world reopened

15 days ago·London, United Kingdom

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Reuters

Peloton CEO steps down

Connected-fitness company Peloton Interactive said on Thursday Barry McCarthy has stepped down as CEO.

15 days ago·United Kingdom

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CBC News

Peloton CEO steps down as fitness company announces 15% cut to global workforce

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.

14 days ago·Canada

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Associated Press News

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 business.

15 days ago·United States

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USA Today

Peloton laying off around 15% of workforce; CEO Barry McCarthy stepping down

Peloton announced Thursday it is laying off approximately 15% of its global workforce, or about 400 employees.

15 days ago·United States

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Global News

Peloton cuts 15% of its global workforce, CEO steps down - National

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand.

14 days ago·Toronto, Canada

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