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Peloton announces CEO departure; to cut 15% of workforce

By Michele Maatouk

Date: Thursday 02 May 2024

(Sharecast News) - Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
The company said Barry McCarthy was stepping down as president, CEO and a board director, and...

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