Peloton announces 400 layoffs, 15% of the workforce, as CEO Barry McCarthy departs

Peloton, the exercise equipment maker and creator of online fitness classes, has announced that it’s laying off 15 percent of its workforce — 400 people — as CEO, president, and board director Barry McCarthy steps down after two years in the role. Learn more about your ad choices. Visit podcastchoices.com/adchoices