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Peloton CEO Barry McCarthy to step down‚ company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”
McCarthy‚ a former Spotify and Netflix executive‚ will become a strategic advisor to Peloton through the end of the year while Karen Boone‚ the company’s chairperson‚ and director Chris Bruzzo will serve as interim co-CEOs. Jay Hoag‚ another Peloton director‚...
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