Peloton CEO steps down, fitness unicorn to slash headcount by 15%
PTONPeloton(PTON) New York Post·2024-05-02 20:27

Peloton’s chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce. Chief Barry McCarthy told Peloton’s roughly 3,500 employees of his resignation in a note sent Thursday morning that his “one lasting legacy at Peloton” is the “GREAT lead team” he’s recruited since stepping into the top job in 2022. “Although the stock market hasn’t recognized this yet, they will. It’s simply a matter of time,” McCarthy added in reference to the nearly 45 ...