Peloton also announced that it’s eliminating 400 jobs, which will help the company cut $200 million in costs. The company said that will help it invest in “software, hardware and content ...
Investors had cheered his appointment in February 2022 by sending Peloton shares up 30%. In the subsequent months, McCarthy cut jobs, reduced retail presence and announced partnerships with Amazon ...
rebranded Peloton into a software-focused company, leaning on its exclusive content to drive subscriber growth. He also cut jobs, adjusted bike prices and focused on digital subscription plans in ...
Some 400 jobs are expected to be cut worldwide across various departments and functions within the company. "Hard as the decision has been to make additional headcount cuts, Peloton simply had no ...
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its ...
(Sharecast News) - Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its ... equivalent to around 400 jobs. In addition, Peloton said it ...