Peloton has announced that its CEO Barry McCarthy is stepping down amid plans to reduce its workforce by 15%, which equates to about 400 jobs. This development marks the fifth round of layoffs since 2021 for the fitness company.
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Peloton to cut 15% of workforce as CEO steps down

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Peloton announces CEO departure and plans to cut 15% of its workforce, marking its fifth round of layoffs since 2021.

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