486
Peloton, the prominent exercise equipment and fitness technology company, is undergoing significant changes as its CEO announces his resignation alongside a workforce reduction affecting 400 employees globally. The latest developments mark a pivotal moment for the company, which experienced substantial growth during the pandemic but has faced challenges in recent times.
John Foley, the CEO of Peloton, is stepping down from his role as the company grapples with declining sales post-pandemic. The decision to cut jobs and implement a strategic overhaul comes as Peloton aims to adapt to. . .
