Peloton CEO steps down, fitness unicorn to slash headcount by 15%

Peloton’s chief executive officer is stepping down from the role as the fitness company plans to cut roughly 15% of its global workforce. Chief Barry McCarthy told Peloton’s roughly 3,500 employees of his resignation in a note sent Thursday morning that his “one lasting legacy at Peloton” is the “GREAT lead team” he’s recruited since stepping...