Peloton CEO Resigns Amidst, Strategic Debt Refinancing

Peloton, the renowned connected-fitness company, has set the stage for a significant leadership transition

CEO Barry McCarthy Resigns Amidst 15% Workforce Cut, Strategic Debt Refinancing

[{"selector":"#anim-c135d44e-dae6-4c00-a973-020020b7e700 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-16.75446449638867%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a3d7a411-22b6-420e-a03a-ec70cdea3a3c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2efac573-d72c-47b5-8c6b-27a6f281695b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This announcement comes amidst a broader restructuring effort of streamlining operations & reducing expenses

[{"selector":"#anim-e0d48d10-ac76-4645-acdc-fbcde5adffd3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bfb66a43-f9de-4043-bc98-aa6f4d45be49","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e6e93430-553c-48a6-bc9c-308f353ff84a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This includes a substantial reduction in the workforce by 15%, amounting to approximately 400 job cuts.

[{"selector":"#anim-ef52f44a-408d-459b-a3d9-c27e51bcd234 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(22.78125028645655%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4834de59-8db5-4d12-8f57-39bb4c4bf0c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-33640335-75a7-4392-866e-9867539dcb2f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more