Boom.
Bust.
“#Peloton’s #CEO Barry McCarthy is stepping down after announcing yet another round of #layoffs, this time affecting about 15 percent of its remaining workforce, or roughly 400 global team members. It’s the fifth round of #layoffs to hit the pandemic darling and comes after McCarthy said on its Q1 2023 earnings call that the company was done with #layoffs and that the ‘ship was turning’”
“the latest chapter in the company’s volatile history”📈📉 https://www.theverge.com/2024/5/2/24146989/peloton-announces-new-round-of-layoffs-as-ceo-quits