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Slumping Peloton replaces CEO, cuts 2,800 jobs | Borneo Bulletin Online

Slumping Peloton replaces CEO, cuts 2,800 jobs | Borneo Bulletin Online
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Slumping Peloton replaces CEO, cuts 2,800 jobs

NEW YORK - Slumping home-exercise company Peloton announced Tuesday a leadership shift and layoff plan as it scales back expansion plans due to weakening demand in the shifting pandemic.

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