Peloton (PTON) to lay off 15% of global workforce, CEO to step down
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PELOTON ANNOUNCES COST REDUCTION EFFORTS TO POSITION COMPANY TO SUSTAIN MEANINGFUL, POSITIVE FREE CASH FLOW
May 2, 2024 7:05 AM EDTCompany to Continue Investment in Hardware, Software and Content Innovation, Improvements to Member Support Experience, and Marketing Optimization to Scale the Business
Expects to Reduce Annual Run-Rate Expenses by More than $200 Million by End of Fiscal 2025
Q3 Fiscal Year 2024 Earnings Call Today at 8:30 am ET
NEW YORK, May 2, 2024 /PRNewswire/ --... More
PELOTON ANNOUNCES LEADERSHIP TRANSITION
May 2, 2024 7:00 AM EDTBarry McCarthy Stepping Down as CEO, President and Board Director
Peloton Board Members Karen Boone and Chris Bruzzo will Serve as Interim Co-CEOs; Jay Hoag Becomes Chairperson of Board of Directors
Board Commences CEO Search Process
NEW YORK, May 2, 2024 /PRNewswire/ -- Peloton... More
World of Hyatt and Peloton Team Up with Plans to Reward Members for Wellbeing
May 1, 2024 8:00 AM EDTPeloton to offer in-room video content and equipment across all Hyatt properties in markets where Peloton operates
CHICAGO--(BUSINESS WIRE)-- World of Hyatt, Hyatts award-winning loyalty program, is teaming up with Peloton (NASDAQ: PTON) to become the first global hospitality loyalty program with plans to reward its loyalty members for doing more of what they love earning World of Hyatt points when they use Peloton equipment at Hyatt properties in countries where Peloton currently operates. In the future, that will mean more opportunities to earn World of Hyatt... More
