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 for its connected fitness equipment.
A former Netflix and Spotify executive, McCarthy took the helm in 2022 from founder John Foley and has taken several steps to cut costs.
Peloton CEO Peloton Job Cuts Economy World
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peloton CEO McCarthy to Step Down; Firm to Cut 15% of WorkforcePeloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down from the role and the company is planning to cut about 15% of its global workforce.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Peloton CEO McCarthy stepping down; firm cutting 15% of jobsPeloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down after two years in the role as the company plans to shed about 15 per cent of its global workforce in an effort to revive sputtering growth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Peloton CEO McCarthy Stepping Down; Firm Cutting 15% of Jobs(Bloomberg) -- Peloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down as the company undergoes a major restructuring that will...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Greyhounds busy, local talent popular as OHL draft wraps upEleven locals selected during the 15 rounds while the Greyhounds added 15 players to their roster
Source: SooToday - 🏆 8. / 85 Read more »
Game #31 Preview: Ragans vs Berríos (Royals @ Blue Jays)Royals (17-13) vs Blue Jays (15-15)
Source: bluebirdbanter - 🏆 56. / 59 Read more »
Fed holds rates, Apple earnings, Peloton CEO: 3 ThingsThe Federal Reserve has elected to continue to hold rates steady, with Chair Jerome Powell echoing the decision suggesting rates will stay higher for longer ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »