Peloton is dismissing a chunk of its workforce, including its top executive. Barry McCarthy announced that he is stepping down as the CEO of the fitness tech company, which is laying off approximately 400 workers.
The Peloton employees who have received pink slips account for about 15% of the company’s total workforce. As part of this round of layoffs, Peloton is enacting a broad restructuring plan that will see it close retail showrooms and reconfigure its business abroad.
That shift will happen under a new leadership team. McCarthy, a Netflix vet, took over as Peloton CEO in 2022 when he replaced the company’s Co-Founder, John Foley. For the time being, McCarthy will be succeeded by a pair of interim CEOs: Board Chair Karen Boone and Director Chris Bruzzo.
Boone and Bruzzo are planning to pass off CEO duties to a permanent replacement, who will be put at the controls of a...
The Peloton employees who have received pink slips account for about 15% of the company’s total workforce. As part of this round of layoffs, Peloton is enacting a broad restructuring plan that will see it close retail showrooms and reconfigure its business abroad.
That shift will happen under a new leadership team. McCarthy, a Netflix vet, took over as Peloton CEO in 2022 when he replaced the company’s Co-Founder, John Foley. For the time being, McCarthy will be succeeded by a pair of interim CEOs: Board Chair Karen Boone and Director Chris Bruzzo.
Boone and Bruzzo are planning to pass off CEO duties to a permanent replacement, who will be put at the controls of a...
- 5/3/2024
- by Sam Gutelle
- Tubefilter.com
Peloton is out to prove that its proprietary exercise equipment can offer more than just a good workout. The media company just added YouTube TV to an Entertainment Hub that already includes streaming options like Netflix, Max, Disney+, and NBA League Pass.
The Entertainment Hub can be found on the home screens of Peloton’s stationary bikes, treadmills, and rowing machines. Users who log in with their streaming credentials can watch their favorite shows and movies while an overlay tracks their ongoing workout. The YouTube TV integration brings live TV into the mix by offering more than 100 channels to active viewers.
“Our partnership with YouTube TV is a continuation of our commitment to fitness anytime, anywhere,” said Peloton SVP of Music and Content Partnerships Gwen Bethel Riley. “We are empowering our Members to lean into what they love, like catching up on their favorite show or rooting for their home team,...
The Entertainment Hub can be found on the home screens of Peloton’s stationary bikes, treadmills, and rowing machines. Users who log in with their streaming credentials can watch their favorite shows and movies while an overlay tracks their ongoing workout. The YouTube TV integration brings live TV into the mix by offering more than 100 channels to active viewers.
“Our partnership with YouTube TV is a continuation of our commitment to fitness anytime, anywhere,” said Peloton SVP of Music and Content Partnerships Gwen Bethel Riley. “We are empowering our Members to lean into what they love, like catching up on their favorite show or rooting for their home team,...
- 1/3/2024
- by Sam Gutelle
- Tubefilter.com
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