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1 min read
Peloton hires a former Amazon VP as CFO on a $1 million base salary to deal with its struggling finances
Peloton's new CFO Liz Coddington faces the daunting task of turning around Peloton's finances, whic…
Rosie Bradbury
2 mins read
Peloton is raising subscription prices for the first time to $44 a month, but cutting prices on bikes and treadmills
Peloton has cut the price of its bikes and increased its subscription costs, attempting to bring mo…
Gabrielle Bienasz
2 mins read
Peloton will now let some customers rent its pricey bikes for $60 to $100 a month — here's how it works
The rentals are much more affordable than Peloton's usual prices, which include at least $1,495 for…
Sarah Jackson
1 min read
New Peloton CEO Barry McCarthy denies reports that angry laid-off staffers crashed and cut short an all-hands meeting where he was introduced
In an interview with The New York Times, McCarthy refuted reports that an internal meeting announci…
Sarah Jackson
1 min read
Peloton's new CEO explains the difference between his management style and that of his predecessor, John Foley: 'You'll never hear me say we're a family'
"I love John's strengths, but I'm running the company," new Peloton CEO Barry McCarthy told NYT's D…
Sarah Jackson
1 min read
New Peloton CEO describes what went wrong at the company: 'They spent money on things that they shouldn't have'
New Peloton CEO Barry McCarthy also told NYT's DealBook that the pandemic darling "got caught up in…
Sarah Jackson
3 mins read
Meet Peloton's new CEO, an ex-Spotify exec taking the helm amid major cuts and investor pressure
The new CEO will oversee big job cuts and handle investor pressure on the embattled fitness company.
Meghan Morris
6 mins read
Read the memo Peloton CEO Barry McCarthy sent to employees announcing job cuts, price hikes, and store closures
Peloton CEO Barry McCarthy told staff Friday the company would eliminate 800 more jobs, close many …
Sarah Jackson
1 min read
Peloton brings in Ford exec who helped create Apple Fitness+ to lead its turnaround effort
Peloton named Ford exec Peter Stern as its next CEO to spearhead a turnaround effort, aiming to rev…
Mary Hanbury
3 mins read
Peloton's new CEO has a chance to turn things around. Here's what he needs to do.
Peloton is betting that its new CEO, Peter Stern, can help turn the struggling company around after…
Madeline Berg,Mary Hanbury,Er…
1 min read
Former billionaire John Foley says he lost all of his money and had to sell 'almost everything' after losing Peloton CEO job
John Foley, once a billionaire, says losing his job as the CEO of Peloton cost him dearly and he "h…
Sarah Jackson
1 min read
Peloton's CEO steps down as the company cuts 15% of staff
Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday.
Grace Dean
2 mins read
Peloton hit with issues during world-record ride attempt on Thanksgiving Day
Peloton users said they were unable to join the session because of what appeared to be an outage.
Monica Melton,Aaron Mok
1 min read
Peloton falls 22% after earnings reveal plunging subscribers and steep cost of bike seat recall
The cult-favorite exercise bike company lost 29,000 subscribers and burned through an extra $40 mil…
Jennifer Sor
2 mins read
Peloton is trying to re-energize sales by placing its bikes where people can see and touch them, like malls and hotels. Some experts say it won't make much of a difference.
Peloton is vying to get more eyes on its products by partnering with retailers like Dick's Sporting…
Lakshmi Varanasi
1 min read
Peloton surges 21% after its CEO says the fitness company is on track for an 'epic comeback'
Pelonton's CEO was upbeat even as the company failed to turn a profit last quarter. "We've put to b…
Morgan Chittum
3 mins read
Peloton is slashing 500 more jobs but denies report that its CEO said it had 6 months to turn itself around
Peloton is slashing hundreds more jobs in a desperate measure to cut costs, The Wall Street Journal…
Grace Dean
1 min read
Peloton CEO John Foley is stepping down and the company plans to cut about 2,800 jobs
Former Spotify CFO Barry McCarthy is set to replace Foley, the firm announced Tuesday. Foley, CEO s…
Grace Dean
2 mins read
Peloton sinks after its new CEO says a sale of the company is unlikely, and that he's focused on long-term growth
CEO Barry McCarthy aims to turn the company around by focusing on more digital content and possibly…
Phil Rosen
1 min read
Peloton's founder is severing his last remaining ties with the embattled company as he resigns immediately as chairman
Peloton's co-founder and former CEO, John Foley, announced he is resigning as the company's executi…