Published On: Thu, May 2nd, 2024

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

The Peloton logo is shown on a stationary bicycle.

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.

CBC | World News

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