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Peloton co-founder steps down, as the company announces layoffs

Peloton CEO John Foley celebrates at the Nasdaq MarketSite before the opening bell and his company's IPO, on Sept. 26, 2019 in New York. Foley is stepping down now, after a rough period for the company. (AP)
Peloton CEO John Foley celebrates at the Nasdaq MarketSite before the opening bell and his company's IPO, on Sept. 26, 2019 in New York. Foley is stepping down now, after a rough period for the company. (AP)

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