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PELOTON CEO
Bad time to take helm? New retail leaders face extra headaches with tariffs and consumer slowdownNew CEOs at consumer giants like Nike, Starbucks, and Peloton face immense pressure, dealing with tariffs impacting supply chains and risin...- Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping downPeloton undergoes restructuring, cutting 400 jobs globally. CEO Barry McCarthy resigns. Shares rise by 11%. Sales surged during lockdowns b...
- Peloton CEO Barry McCarthy steps down, fitness equipment maker to cut 15% jobsBarry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed...
- Tech companies keep slashing jobs in uncertain 2023 economyIn November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of ...
- Meta battles US antitrust agency over future of virtual realityThe FTC sued in July to stop the deal, saying Meta's acquisition of Within would "tend to create a monopoly" in the market for virtual real...
- This CEO wants people to be happy that he laid off 500 employeesUS exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employee...
- Peloton's fitness equipment line-up grows with new $3,195 rowing machine. See detailsDuring a restructuring effort to expand the company's customer base and return to profitability, Peloton is adding rowing machines to its p...
- We are seeing a great reset; IPO activity down to two-decade low: Flipkart CEOFrom plummeting revenue multiples on the NASDAQ to a fall in IPOs, no category has been spared, he said.
- Ecommerce company Wayfair CEO Niraj Shah lays off 870 peopleWayfair is also in the process of making substantial reductions in its third-party labour costs.
- Peloton cuts jobs, raises prices in bid for profitabilityPeloton said it also plans to "significantly" reduce its North American store base, which now numbers 86. But it didn't say how many locati...
- Some big investors loaded up on Peloton as stock tumbledTiger Global Management, already a Peloton investor, bought another 3 million shares, increasing its investment by 41% and Baillie Gifford,...
- Peloton to replace CEO amid waning demand for at-home fitness equipmentThe exercise bike maker's co-founder, John Foley, will step down as CEO and will become the executive chair, the company said.
- Amazon is exploring offer for Peloton, source says; report says Nike also weighing bidMeanwhile, the Financial Times reported late on Friday that sportswear company Nike Inc is also evaluating a bid for Peloton.
- Parag Agrawal of Twitter, Zoom’s Eric Yuan & other CEOs will transform businesses & innovations in 2022Some executives took on prominent new CEO positions this year that are worth watching.
- What happens to fitness industry as more people turn to working out from home, attend virtual classes?Thousands of small fitness centers and studios that were forced to close a year ago now are gone for good.
- Dream Sports raises $400 million in secondary investment“This is a huge vote of confidence to the Indian start-up ecosystem,” said Harsh Jain, CEO and Co-Founder, Dream Sports. “We have created t...
- Tupperware is partying like it's 1965Restaurant pain has turned into Tupperware's gain with millions of people in a pandemic opening cookbooks again and looking for solutions t...
- Harsh Goenka, Nykaa boss & Swiggy CEO have a 'healthy' resolution for 2020The BCCI president said that he has a lot to do at the moment.
- Cycling startup Peloton confidentially files for US IPOIt raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
- World Gold Council appoints David Tait as CEODavid joins the World Gold Council post a successful career in the financial services industry.
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