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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.

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Peloton Stock Price Soars As CEO Teases Epic Comeback

Pelonton's CEO was upbeat even as the company failed to turn a profit last quarter. "We've put to bed questions about the viability of the business."

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Peloton Slashing 500 Jobs, CEO Says Has 6 Months to Turn Itself Around

Peloton is slashing hundreds more jobs in a desperate measure to cut costs, The Wall Street Journal reported Thursday.

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I m Losing My Job at Peloton I Wondered for Months When It d Happen

"It was only when we showed up each day and saw our assignments that we'd know, 'Okay, we're working today,'" the Peloton worker said.

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Read Peloton Memo Announcing Job Cuts, Price Hikes, Store Closures

Peloton CEO Barry McCarthy told staff Friday the company would eliminate 800 more jobs, close many of its retail showrooms, and raise its bike prices.

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