On your bike | Ex-Peloton staff crash new CEO's first meeting after thousands of jobs cut

Ex-Peloton staff crashed the firm’s new boss’ first meeting in protest after almost 3,000 jobs were slashed.

As reported first by CNBC, a company-wide meeting to introduce the fitness tech firm’s incoming CEO, Barry McCarthy, was crashed by angry former employees, who were among the 2,800 – around a fifth of the total workforce - to have lost their jobs a day prior, as the company attempts to halt declining revenues.

The company saw a surge in sales of its stationary bikes and treadmills when the pandemic forced gyms to close, before experiencing a post-lockdown slump as businesses began to reopen.

The virtual call, which was also attended by outgoing-CEO John Foley, was cut short after some of the ex-staff accused Peloton of being “awfully tone deaf”, CNBC reported.