Home / Companies / News / Peloton CEO to step down, company to cut 2,800 jobs

Peloton CEO to step down, company to cut 2,800 jobs

Peloton co-founder John Foley, who has led the company for its entire 10-year existence, is stepping down as CEO and will become executive chairman (Photo: AP) — Peloton co-founder John Foley, who has led the company for its entire 10-year existence, is stepping down as CEO and will become executive chairman **(Photo: AP)**

4 min read . Updated: 08 Feb 2022, 07:22 PM IST Cara Lombardo, The Wall Street Journal

Exercise-equipment maker to name former Spotify CFO Barry McCarthy as replacement, overhaul board and cut costs

Peloton Interactive Inc. plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet.

Edit Profile

Get alerts on WhatsApp

Set Preferences My Reads Feedback Redeem a Gift Card Logout

Peloton CEO to step down, company to cut 2,800 jobs

Wait for it…

Wait for it…

Congratulations!

Subscribe to continue