Peloton CEO to step down, company will cut 15% of global workforce

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just more than two years in the role, the company announced Thursday. 

His departure comes as the company is planning to cut about 15% of its global workforce, or about 400 employees, to lower costs. 

Karen Boone, who is the current Peloton chair, and Chris Bruzzo, a Peloton director, will serve as interim co-CEOs while the board conducts a search for McCarthy's permanent replacement. 

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