<ul><li>Renowned fitness equipment and media firm Peloton is undergoing major changes as CEO Barry McCarthy has announced his retirement and the company intends to fire 15% of its employees.</li><li>McCarthy's exit indicates a change in Peloton's approach and the need for new leadership to handle the company's financial difficulties.</li><li>The layoffs are part of a larger restructuring initiative to simplify operations and reduce expenses.</li><li>Peloton is actively seeking to refinance its debt to overcome financial strain and navigate a tough market environment.</li></ul>

Peloton CEO Steps Down, Company to Lay Off 15% of Staff: Financial Restructuring Ahead

Discover more