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May 6, 2024

Peloton to cut 400 jobs; CEO leaving

NEW YORK (AP) — Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business.

Peloton Interactive Inc. said last week that the job reductions amount to approximately 15% of its global headcount.


 
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