Peloton
President and Co-Founder
John Foley
Resigns For These Reasons
Peloton
President and Co-Founder
John Foley
Resigns For These Reasons
Some of the reasons given for the resignation of Peloton President and Co-Founder John Foley
Peloton has announced that it is due to cut
around 800 jobs.
The company has ended in-
house production, and replaced its finance chief.
Peloton has partnered with
Amazon to sell bikes and gear independently
of its website.
The share price of the company was going down continuously and the company is incurring losses on its own.