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This Nov. 19, 2019, file photo shows the logo on a Peloton bike in San Francisco. Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton Interactive Inc. said Thursday, May 2, 2024, that the job reductions amount to approximately 15% of its global headcount. (AP Photo/Jeff Chiu, File)

This Nov. 19, 2019, file photo shows the logo on a Peloton bike in San Francisco. Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton Interactive Inc. said Thursday, May 2, 2024, that the job reductions amount to approximately 15% of its global headcount. (AP Photo/Jeff Chiu, File)

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