Peloton co-founders resign amid company shakeup

As exercise demands shifted away from the gym amid pandemic-related shutdowns, Peloton hit heights experienced by precious few tech firms. That made the connected fitness company’s crash down to Earth all the more jarring. In February, co-founder John Foley stepped down as CEO amid a 2,800-person layoff.
Spotify CFO Barry McCarthy stepped into the leadership role, before appointing a number of new members to the executive team, in a bid to stem the bleeding, tighten the company’s belt and, perhaps, raise its stock price in the process.
Today, Peloton announced that Foley — who had remain

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