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.After reaching new highs during the pandemic, the company has recalled products, laid off workers, and seen sales and its stock tank. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized f ...