Peloton cuts 15% of workforce “to bring spending in line with revenue” – as CEO steps down despite “optimism” beleaguered brand is “on the right path”
Peloton’s CEO Barry McCarthy has stepped down from his role at the American fitness company, as the beleaguered brand announced yet more job cuts and a plan to cut back its retail presence, amid the mounting losses that have besieged the company during its prolonged post-pandemic slump.15 per cent of Peloton’s workforce has been let … Read more