Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO ...
(Reuters) -Peloton CEO Barry McCarthy, who was tasked in early 2022 to stem the fitness equipment maker's slide in sales from the pandemic highs, has quit as the company announced job cuts to ...
But subscriber numbers are losing muscle, leading the company on Thursday to lower its full-year forecast for members by 30,000.Peloton also announced a 15% cut to its global workforce on Thursday ...
Peloton announced on Thursday, May 2, 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 ...
Indoor fitness company Peloton announced its latest and disconcerting financial results on Thursday, along with the news that CEO Barry McCarthy is stepping down and the brand's intent to lay off ...
Peloton announced Thursday that its CEO, Barry McCarthy, is stepping down. The struggling workout company also said that it is laying off 15% of its workforce, or about 400 employees, as part of a ...
(Reuters) -Peloton CEO Barry McCarthy has stepped down, the company said on Thursday as it decided to cut 15% of its workforce to tackle a post-pandemic slump in demand for its connected fitness ...
This company was thriving during the pandemic and, unfortunately, assumed the boom times would last when economies reopened.
Midland, MI, Apr. 30--Moving forward with a long-term cost reduction plan, Dow Chemical Co. said Thursday it would cut 3,000 jobs globally this year. The announcement came as the company posted a ...
Peloton has secured a critical US$1bn five-year loan to shore up its finances. The loan has repayment terms which are 600 ...