Peloton CEO Barry McCarthy's first all-hands meeting was cut short after laid-off employees crashed it.
held a virtual all-hands meeting Wednesday that was meant to introduce its new CEO, Barry McCarthy.
Instead, a conversation between McCarthy and former CEO John Foley ended early, according to three people familiar with the details of the meeting.and accusations of mismanagement in the chat function, messages obtained by CNBC show."This is awfully tone deaf," said another. "The company messed up by allowing people who were fired into this chat," another user wrote. "Too late to mod [moderate] this."
To be sure, there were also a flurry of comments from workers welcoming McCarthy to the company and cheering him on in his new role.Ultimately, the call ended earlier than planned, the people said.The situation suggests McCarthy will face numerous challenges ahead. The former tech executive is tasked with getting the company back to profitability, but he will need to boost employee morale.
The connected fitness equipment maker is slashing costs across its business, and part of that will come from the elimination of about 20% of its corporate workforce, or 2,800 jobs. Peloton's fitness instructors will not be affected.
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