Peloton’s Fix-It CEO Quits
After two years at the helm, Peloton CEO Barry McCarthy resigned last week. With no success at reigniting growth, McCarthy left the initiative to his Peloton co-workers to figure out - at least those who will survive yet another round of layoffs. The Peloton story has been a fascinating one to watch, both on the way up and down. Most of McCarthy’s product ideas were at odds with where the connected fitness industry is headed, dooming any chance he had at proving Peloton could become a larger company.
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