Peloton hits reset with CEO change, 2,800 jobs cut

over 3 years in torontosun

Peloton Interactive Inc will replace its chief executive and cut about 2,800 jobs, the company said on Tuesday, as the exercise bike maker looks to revitalize sagging sales and win back investor confidence. John Foley, Peloton’s co-founder who has led the company for nearly a decade, will step down to become the executive chair. Barry […]

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