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BARRY MCCARTHY


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Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down

Read full article: Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down

Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business.

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Peloton shares hit all-time low after connected fitness company posts another loss, lowers guidance

Read full article: Peloton shares hit all-time low after connected fitness company posts another loss, lowers guidance

Peloton sank to its lowest price on record after it reported another loss and gave investors a lukewarm forecast as the connected exercise company continues to struggle following its pandemic hot streak.

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Peloton 4Q sales top Street, but posts bigger-than-expected loss partly on recall costs

Read full article: Peloton 4Q sales top Street, but posts bigger-than-expected loss partly on recall costs

Peloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending.

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Wild week for Peloton as early week share gains erased

Read full article: Wild week for Peloton as early week share gains erased

Peloton shares are on a wild ride this week, running up 20% Wednesday on a new partnership with Amazon only to erase those gains at the opening bell after quarterly losses for the connected exercise equipment maker exceeded $1.2 billion.

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Peloton cuts jobs, raises prices in bid for profitability

Read full article: Peloton cuts jobs, raises prices in bid for profitability

Peloton is laying off almost 800 employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash.

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Peloton headwinds stiffen as people break pandemic routines

Read full article: Peloton headwinds stiffen as people break pandemic routines

Peloton’s uphill ride to get more sales just got rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options.

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New offices for the hybrid era? Many companies are on board

Read full article: New offices for the hybrid era? Many companies are on board

Building a gleaming new headquarters at a time when more and more people are working from home may not seem to make sense.

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Peloton co-founder steps down after rough ride

Read full article: Peloton co-founder steps down after rough ride

The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the company.

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