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Peloton CEO John Foley to Step Down, Transition to Executive Chair as Company Cuts 2,800 Jobs, Says Report

Peloton said it expects to slash roughly $800 million in annual costs and reduce capital expenditures by roughly $150 million this year.

United statesJonathan mildenhallJohn foleyBarry mccarthyAngel mendezWilliam lynchErik blachfordBarnes nobleWall streetPeloton output parkBlackwells capitalIrbnb incAmazon com incReaking news businessUsiness newsE commerce

Peloton cutting thousands of positions, CEO stepping down

Peloton announced it will lay off 2,800 people from their jobs as CEO John Foley steps down, as part of a corporate restructuring aimed at reversing the fitness company's tumbling stock price. 

United statesBarry mccarthyWashington postPeloton output parkPeloton memberBlackwells capitalJohn foley

Peloton co-founder steps down after rough ride

The co-founder of Peloton is stepping down as chief executive after an extended streak of.

New yorkUnited statesJohn foleyBarry mccarthyJohn katsingrisTimothy hubbardRaj shahBlackwells capitalNew york cityPeloton output parkDaniel ivesNorth americaNotre dameMendoza collegeBarry mccarthyBarry mccarthy business leader person

Peloton co-founder steps down after rough ride

The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company.

New yorkUnited statesJohn foleyMark lennihanBarry mccarthyJohn katsingrisTimothy hubbardRaj shahPeloton interactive incAssociated pressNasdaq marketsitePeloton interactiveBlackwells capitalNew york cityPeloton output parkDaniel ives

Peloton co-founder steps down after rough ride

Peloton co-founder steps down after rough ride
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New yorkUnited statesJohn foleyJohn katsingrisBlackwells capitalNew york cityPeloton output parkDaniel ives
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