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 ...
Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO ...
But subscriber numbers are losing muscle, leading the company on Thursday to lower its full-year forecast for members by 30,000.Peloton also announced a 15% cut to its global workforce on Thursday ...
Peloton used to make so much money. Back at the end of 2020, the company made more than $1 billion in a single quarter just from selling its fitness equipment and subscriptions. Since then ...
The at-home fitness industry has had its ups and downs as consumer spending patterns shift in the post-pandemic era - especially with consumers in 2024 finally starting to tighten their belts due ...
Peloton known for its luxury bicycles and exercise equipment announced Thursday that around 15% of its staff will be getting laid off. >> Read more trending news The company is planning to ...
(AP) -- 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 ...