FILE - This Nov. 19, 2019 file photo shows the logo on a Peloton bike in San Francisco. Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton Interactive Inc. said Thursday, May 2, 2024 that the job reductions amount to approximately 15% of its global headcount. (AP Photo/Jeff Chiu, File)