Peloton is set to replace its CEO and co-founder John Foley and slash nearly 3,000 jobs in a desperate bid to save the struggling exercise company.Foley will step down and take a new role as executive chair of the company while Barry McCarthy, the former chief financial officer of and , will become the new boss.Peloton will also cut roughly 2,800 jobs, affecting 20 per cent of its corporate workforce the reported.
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