Peloton, once hailed as the future of fitness, is now sucking wind. Here's why.
CBSN
Connected fitness company Peloton, known for its tech-enabled stationary bikes and treadmills, has cycled through yet another chief executive.
On Thursday, the beleaguered company announced Peloton CEO Barry McCarthy is stepping down from his roles as company CEO, president and board director. He will be succeeded by interim co-CEOs Karen Boone and Chris Bruzzo, both Peloton board members. Peloton also announced it is cutting 15% of its staff — or 400 employees — as it tries to trim costs.
The job cuts mark the fifth time Peloton has reduced its headcount since the company peaked in 2021. As the company struggles to regain its stronghold in the fitness industry and among consumers, questions are being raised about what the future has in store for the formerly red-hot fitness fad.
17-year-old girl trafficked into U.S. from Mexico rescued after texting 911 and describing landmarks
A 17-year-old girl has been rescued and a man arrested after the girl was allegedly trafficked into the United States from Mexico, authorties in Southern California said Thursday. The girl was able to text authorities asking for help and describe enough landmarks for police to find her.
Republican lawmakers in North Carolina are pushing forward with their plan to repeal a pandemic-era law that allowed the wearing of masks in public for health reasons, a move spurred in part by demonstrations against the war in Gaza that have included masked protesters camped out on college campuses.
Deadly thunderstorms blew out windows in high-rise buildings, downed trees and knocked out power to hundreds of thousands of homes and businesses in the Houston area Thursday as Southeast Texas got pummeled for the second time this month. At least four people were killed due to the storms, the Houston Mayor's office told CBS News Thursday night.