Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Read full article: Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping downPeloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business.
Peloton shares hit all-time low after connected fitness company posts another loss, lowers guidance
Read full article: Peloton shares hit all-time low after connected fitness company posts another loss, lowers guidancePeloton sank to its lowest price on record after it reported another loss and gave investors a lukewarm forecast as the connected exercise company continues to struggle following its pandemic hot streak.
Peloton 4Q sales top Street, but posts bigger-than-expected loss partly on recall costs
Read full article: Peloton 4Q sales top Street, but posts bigger-than-expected loss partly on recall costsPeloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending.
Wild week for Peloton as early week share gains erased
Read full article: Wild week for Peloton as early week share gains erasedPeloton shares are on a wild ride this week, running up 20% Wednesday on a new partnership with Amazon only to erase those gains at the opening bell after quarterly losses for the connected exercise equipment maker exceeded $1.2 billion.