New Peloton CEO Barry McCarthy’s first day is not off to a good start.
The company, which announced a major leadership shakeup at its Q2 earnings call on Tuesday, held an all-hands meeting meant to welcome McCarthy. Outgoing CEO John Foley was also in attendance. The all-hands was referenced in a blog penned by Foley revealing he was stepping down. While this is par for the course when companies change leadership, CNBC is reporting the meeting was cut short when angry ex-employees — who were just terminated — crashed the party.
Citing anonymous sources, the CNBC report says that current and former staffers flung accusations of mismanagement and vented about yesterday’s terminations. As part of cost restructuring measures, Peloton let...
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