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Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt The company also announced a broad restructuring plan that will see its global headcount cut by 15%, or about 400 employees. It plans to continue to close retail showrooms and make changes to its international sales plan. https://www.cnbc.com/2024/05/02/peloton-ceo-barry-mccarthy-steps-down-15percent-of-staff-laid-off.html

Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
CNBC
Amazon pip day May 2

They just need a little plandemic to see them through hard times.

Peloton laisdja May 2

Don’t be a dick, people have loss their jobs

Apple इक्ष्वाकु May 2

How is this company still alive?

Broadcom ESsOGenAi May 2

Actually pandemic was dot com 2.0 for ark invest type companies.

Apple इक्ष्वाकु May 2

I’m just surprised like others here. If plebs like us know that pandemic demand is not sustainable, how do these CEOs don’t. And yet they are paid too much for stupidity

Uber codeyello May 2

Should have spent less time trying to censor platforms running his ads

Peloton FWXV27 May 2

Why don't you stop exploiting your drivers instead?

Uber codeyello May 2

*Breaking*: Peloton removes ads from Uber due to how they treat their drivers. Peloton also announces it’ll be laying off an additional 10% of its workforce

Transformco igloodrama May 2

I do feel bad for companies like this though. Like they genuinely believed the COVID buying would continue indefinitely and they set goals to match that.

Snowflake Srank May 2

Every CEO that operates like that is an idiot and should be publicly bashed

Transformco igloodrama May 2

That's almost every tech CEO. I can't think of a single company that didn't overhire due to COVID.

Google phsjlwer May 2

Their crisis is a reflection of high tech layoffs

Lockheed Martin sncHd22 May 2

I think consumer spending is just massively down

Lockheed Martin sncHd22 May 2

The real bike industry is also having a slump right now not just stationary bikes

Raptive dtzX40 May 2

I am very glad that I did not accept their offer

Microsoft macrodon May 2

Sorry for those at Peloton impacted by layoffs. Best of luck to you and also to all those who remain at the company. You have been making awesome products and I love your programming! I’ll remain a loyal Peloton customer / subscriber for as long as you can keep up that quality.

Roku rukor May 2

😂

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