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Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post

February 8, 2022

Peloton posts loss, slashes its full-year revenue outlook as founder steps down from CEO post  Summary: Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board. Peloton plans to cut 2,800 jobs, or about 20% of corporate positions. CNBC