Why Peloton Stock Plummeted 27% in April
Peloton announced that its CEO is leaving. It's also cutting 400 jobs and reorganizing.
Peloton CEO to step down, company will cut 15% of global workforce
Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just over two years in the role, the company announced Thursday.
Peloton to slash 15% of workforce, CEO steps down
Peloton Interactive Inc (NASDAQ:PTON) boss Barry McCarthy will step down as chief executive amid a large-scale restructuring plan that also will see 15%, or around 400, team members lose their jobs...
Peloton CEO steps down, fitness unicorn to slash headcount by 15%
Peloton's chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce.
Peloton's CEO steps down as the company cuts 15% of staff
Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday. It also said that it was laying off 400 workers, or 15% of its total workforce.
Peloton announces 400 layoffs, 15% of the workforce, as CEO Barry McCarthy departs
Peloton, the exercise equipment maker and creator of online fitness classes, has announced that it's laying off 15 percent of its workforce — 400 people — as CEO, president, and board director Barr...
Peloton CEO Is Stepping Down and It's Cutting Jobs. The Stock Jumps.
Peloton is cutting 15% of its global workforce, or 400 jobs.
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.
Peloton Stock Is Beaten Down Now, but It Could 10X
Peloton's stock has plunged 98% from its all-time high. The company is struggling to stabilize and right-size its business.
Can This Beaten-Down Growth Stock Become a Trillion-Dollar Company by 2050?
Declining sales and ongoing net losses continue to crush Peloton. Not only will Peloton's need to drastically improve its core business, but it will also need to penetrate new and larger end markets.
Peloton Drops Free-Membership Tier After Less-Than-Expected Results
Connected fitness company Peloton has stopped offering an unlimited free-membership tier that was once a key part of its growth strategy.
Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.
1 Ridiculously Cheap Stock I Wouldn't Touch With a 10-Foot Pole
Peloton is still trying to find its footing after its major missteps during the height of the pandemic. Some of its new initiatives are working, but they're not enough to fully offset the company's...
Peloton (PTON) Falling to Another Low Point
Shares of Peloton (PTON) traded above $170 during the pandemic, but have steadily fallen amid leadership & distribution changes. The Chart Master takes a look at the embattled stock in the latest C...
Peloton, Saks and other retailers paying vendors late, showing signs of credit risk
CNBC's Gabby Fonrouge joins 'Power Lunch' to discuss data from business firm Creditsafe showing Peloton, Saks, Express and Bath & Body Works have routinely failed to pay their vendors on time.
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