Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just more than two years in the role, the company announced Thursday.&nbsp;

Karen Boone, who is the current Peloton chair, and Chris Bruzzo, a Peloton director, will serve as interim co-CEOs, the company said.&nbsp;

McCarthy, who took the reins from former CEO John Foley in February 2022, will become a strategic adviser to Peloton through the end of the year.&nbsp;

In a separate notice, the company also said it was cutting about 15% of its global workforce, or about 400 employees, to lower costs.&nbsp;

<i>This is a developing story. Check back for updates.&nbsp;</i>

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just over two years in the role, the company announced Thursday.{ai:summary}<p>Peloton CEO Barry McCarthy steps down after just over 2 years. Current chair Karen Boone and director Chris Bruzzo named interim co-CEOs. Company also cutting 400 jobs. #economy</p>

Peloton CEO to step down, company will cut 15% of global workforce

Loading...