Peloton says its C.E.O. will step down and proclaims 2,800 layoffs.
Peloton, the embattled maker of stationary train bikes, announced on Tuesday that Barry McCarthy has been named chief government, changing John Foley, an organization co-founder, who will turn into government chair. Peloton additionally introduced plans to chop about 20 % of its company work pressure, or some 2,800 jobs. Individually, the corporate mentioned it lostREAD MORE