“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”
May 8, 2024
“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”…
Peloton’s shares surged more than 12% in premarket trading but opened lower after the company’s conference call with Wall Street analysts concluded. Shares closed about 3% lower…”