A former social media director for Peloton has spoken out on LinkedIn about the hardships she faced as a pregnant woman after being laid off by the exercise equipment company. Kate Winick was dismissed by Peloton in April 2023, just as she was five months into her pregnancy, leaving her “terrified” about her future. Despite … Read more
Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 14 per cent before the bell as it also aims to pare down … Read more
Struggling fitness equipment maker Peloton Interactive will bring its workout content to short-form video platform TikTok in an exclusive partnership, the companies said Thursday. The partnership comes as Peloton is pivoting from hardware and transforming into a software-focused company, leaning on its exclusive content to drive subscriber growth. Peloton shares jumped 7% on the news. Demand for the company’s … Read more
