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Peloton CEO McCarthy to Step Down; Firm to Cut 15% of Workforce bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Peloton Interactive Inc. shares fell to a record low after Chief Executive Officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff as it looks to cut costs by $200 million.
Markets today: Stock futures remain higher after jobless claims bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.