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CNN – Business/Consumer

Peloton is replacing its CEO and cutting 2,800 jobs

CNN, CNNBUSINESS By Jordan Valinsky, CNN Business Peloton is replacing embattled CEO John Foley and cutting about 20% of its workforce to help reinvigorate the flailing fitness company. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become its CEO and president, effective Wednesday. Foley will become the company’s executive chair, and

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