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National Post
National Post
2 May 2024


NextImg:Peloton CEO steps down; company slashes 15% of jobs

Peloton Interactive Inc. said Chief Executive Officer Barry McCarthy is stepping down as the company undergoes a major restructuring that will reduce its global workforce by 15% in an effort to slash costs.

The board will conduct a search to name a replacement, the fitness company said in a statement Thursday. Board Chair Karen Boone and director Chris Bruzzo will serve as interim co-CEOs.