the staff of the Ridgewood blog
Ridgewood NJ, Peloton’s John Foley will be stepping down as CEO. Former Spotify CFO Barry McCarthy will take over the role. Foley will remain on as Executive Chair. Peloton is cutting 2,800 jobs globally, around 20% of its corporate workforce. The company invested heavily in production in 2021 but saw a decrease in demand this year. It has now halted all production of its treadmill and bike products.
Continue reading Acquisition Target :Peloton CEO steps down as the company cuts 2,800 jobs
