Three more Peloton execs have left the company as the shake-up continues

Three more of Pelotons’s senior executives have left the company as the exodus continues at the fitness tech brand, according to Bloomberg.

Peloton’s supply chain chief John Adee, chief operating officer Mariana Garavaglia and chief business officer Brad Olson have all left the company since it was announced that ex Spotify and Netflix executive Barry McCarthy was taking over from John Foley as the company’s chief executive.

John Foley has stepped down as his role to become executive chair of the company after it lost 80% of its value over the course of the pandemic.

The fitness tech brand also laid off 2,800 of its employees, which equates to around 20% of its corporate workforce in a bid to cut costs and revamp the company.

READ MORE: New Peloton CEO rules out talks of potential sale

The high-level departures have come as the company struggles with supply chain and operational issues that have left customers annoyed and disappointed at the service they were receiving.

These issues predated the start of the pandemic which has had a detrimental impact on global supply chains however, these were exacerbated as supply chains felt further strain throughout the course of the pandemic.

Peloton felt the issue come to a head when the demand for its devices skyrocketed as gyms were forced to close as a result of the pandemic.

Analysts have said that Peloton reacted positively to meet the heightened demand, but failed to act fast enough when the demand slowed down, leaving the company with overheads.

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