Peloton CEO John Foley Steps Down, Company To Cut 2,800 Jobs



Peloton will replace CEO and co-founder John Foley in a move to win back consumer and market confidence. Barry McCarthy, who held roles at Spotify and Netflix will step in to become the new CEO. 
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews

NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.

Connect with NBC News Online!
NBC News App: https://apps.nbcnews.com/mobile
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Follow NBC News on Instagram: http://nbcnews.to/InstaNBC

#Peloton #News #JohnFoley

source

19 comments

  1. Why would I pay so much for a bike and a screen. And I have to pay monthly for the program. Alot of people lost their jobs and can't afford it. And why buy it when I can download the app fit on and it's free. And they have all kinds of free exercise

  2. It's summer time who needs to be inside.

  3. I wrote the CEO a letter in 2020 on how they could expand the business significantly. Maybe it was too out of the box. Never received a response. So I sent them a video on it a couple weeks ago. Guess we’ll see what happens now with all these changes.

  4. I don't need Peloton I have Planet Fitness.

  5. I just lost my job to this news! Great…

  6. Surprised? We reached the endemic of the Covid wave ( allegedly) Folks back outside. Peloton sales folk off to a new company, lol. C Levels vacation.

  7. A Noble Prize winner, Thomas Carlyle, said: “He was to kindle the world “. He described him adding “… as if he had lights within him to illuminate the darkest of nights.”
    George Bernard Shaw, the British philosopher said: “The world is in dire need of a man with the mind of Muhammad.”
    Thomas Carlyle, the English writer, said: “I like Mohammad for his Hypocrisy-free nature.”

  8. Islam honors all the prophets who were sent to mankind. Muslims respect all prophets in general, but Jesus in particular, because he was one of the prophets who foretold the coming of Muhammad. Muslims, too, await the second coming of Jesus. They consider him one of the greatest of Allah's prophets to mankind. A Muslim does not refer to him simply as "Jesus," but normally adds the phrase "peace be upon him" as a sign of respect.No other religion in the world respects and dignifies Jesus as Islam does. The Qur'an confirms his virgin birth (a chapter of the Qur'an is entitled "Mary"), and Mary is considered to have been one of the purest women in all creation.

  9. Who is God in Islam ?
    Muslims believe that God has no partners or associates who share in His divinity or authority and that God is transcendent, unlike His creations, and thus has no physical form. Nor is God believed to exist in (or be represented by) any material object. A number of divine attributes or “names,” which serve to describe God, are found in the Qur’an. Some commonly known attributes include the Most Merciful, the Most Forgiving, the Most High, the Unique, and the Everlasting, among others.

  10. Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯

  11. The amount of time we spend believing we can't is more than enough time to learn how you can ~ My Brain

  12. I'm not so sure Of that 👍👍

  13. Save Burma.We need justice.We need democracy.
    #SaveMyanmar

  14. If another major corporation buys Peloton it's just a move to keep the stock value up.

  15. He was planning on selling billions in Afghanistan, China, and Russia, but the US hasn't taken over the world yet. So, the 25 bikes sold in Ukraine and 3 in Honduras fell short of global sales expectations.

  16. How does a $2,000 exercise bike cause such a stir. They sold that many?

  17. The whole truth about the coronavirus. Watch the video you will be shocked EVERYDAYS.CF 2021 was an action-packed year I got a feeling 2022 is going to get even crazier /-1