Peloton will replace its CEO, cut about 2,800 jobs, and revamp its leadership team as the company faces
. The layoffs account for around 20% of the corporate workforce but will not affect instructors or content., Peloton co-founder John Foley, who has led the company since its inception 10 years ago, announced that he would be stepping down as CEO and becoming executive chair. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will take over as chief executive and president.. “Barry is more perfectly suited than anybody I could’ve imagined.
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Peloton co-founder steps down as CEO, will be replaced by former Spotify, Netflix execPeloton also announced Tuesday that it was cutting 2,800 jobs, including approximately 20% of corporate jobs at the New York City company.
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