Peloton CEO to step down, company will cut 15% of global workforce
PTONPeloton(PTON) Fox Business·2024-05-02 21:06

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just more than two years in the role, the company announced Thursday. His departure comes as the company is planning to cut about 15% of its global workforce, or about 400 employees, to lower costs. Karen Boone, who is the current Peloton chair, and Chris Bruzzo, a Peloton director, will serve as interim co-CEOs while the board conducts a search for McCarthy's permanent replacement. HYATT, PELOTON TEAM UP TO OFFE ...