Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

The co-founder of exercise company Peloton is to step down as the firm announced plans to cut 2,800 jobs. John Foley, who has been the firm’s chief executive for a decade, will be replaced by Barry McCarthy, the former chief financial officer of Spotify. Peloton, which sells indoor exercise bikes with a large touchscreen for … Read more