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Peloton cuts 15% of its global workforce, CEO steps down - National

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.

Zak stamborBarry mccarthyJay hoagJohn foleyKaren booneChris bruzzoNew york basedInsider intelligenceEloton ceoPeloton job cuts

Peloton CEO steps down as company slashes 15% of global workforce

Following the announcements, shares in the company spiked by more than 11% ahead of market open Thursday morning.

United statesChris bruzzoJay hoagBarry mccarthyKaren booneNew york based

Peloton s pandemic-era fairy tale is officially over

Peloton is struggling, as it is laying off 15 percent of its workforce. The CEO is also stepping down.

Chris bruzzoBarry mccarthyKaren booneExercise bike

Peloton Stock Is Turbulent After CEO Split, Job Cuts

Peloton stock is on a roller-coaster ride after announcing a leadership change and restructuring plan. Here s what you need to know.

Chris bruzzoBarry mccarthyKaren boonePeloton interactiveWall street

Why Peloton Stock Plummeted 27% in April

Investors don't see a rosy future, and it's only getting worse.

Chris bruzzoKaren booneBarry mccarthyPeloton interactiveMotley fool stock advisorStock advisorserviceFitness enthusiasts

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