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Dubai News Club > Tech > Peloton CEO promises the company is “done” with layoffs
Tech

Peloton CEO promises the company is “done” with layoffs

Press Room
Last updated: 2022/11/03
Press Room
Published: November 3, 2022
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Peloton CEO Barry McCarthy is an optimist. During the company’s Q1 2023 earnings call, McCarthy said that the company was done with layoffs and that the “ship was turning,” referencing a colorful metaphor he issued during Q4 2022 earnings. Wall Street investors may disagree. Peloton’s stock price fell by about 19 percent this morning after the company announced a weaker-than-expected holiday forecast.

On the product side, McCarthy noted that while customer satisfaction with the…

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