Key Takeaways Peloton announced new cost-cutting measures, including layoffs, and that CEO Barry McCarthy was stepping down. The exercise company that has struggled with a slump in demand following a boom during pandemic lockdowns said it will slash its workforce by about 15% and reduce its showroom presence. Peloton's third-quarter loss and revenue missed analysts' expectations. Shares of Peloton Interactive (PTON) sank to an all-time low Thursday after the provider of exercise machines and online workouts ...