Peloton hits speed bump amid slow sales, gloomy pop culture references | USA TODAY

The workout equipment company is dealing with a slow in sales after pandemic booms combined with negative portrayals in TV shows.

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The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company, which is also cutting almost 3,000 jobs.

Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over the CEO position.

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