Peloton’s lead hardware engineer also leaves the company

Peloton’s vice president of hardware engineering, Sam Bowen, and his commercial operations executive, Rob Barker, are leaving the company, according to a report from Bloomberg

Bowen led the development of the bicycles, treadmill, heart rate monitor and the unreleased Guide device, while Barker was previously the CEO of Precor, a Peloton-purchased company that supplies fitness bikes to gyms and hotels. In a note to LinkedIn announcing his departure, Barker said: “After 27 years in various positions at Precor, Amer Sports and Peloton, I am moving from a full-time executive at one company to a small business owner and consultant in the fitness industry. I will continuing to focus on where my passion and heart is: the fitness industry and those companies that “help people live the lives they want.”

The news of their departure — as part of what Bloomberg calls a “broad shake-up” — coming just after Peloton CEO and co-founder John Foley announced he is stepping down and replaced by Barry McCarthy, a former CFO of Spotify and Netflix. Foley transitions to the role of Peloton Executive Chairman. At the same time, the company announced it would lay off about 2,800 employees, or about 20 percent of its workforce (along with the odd detail that their severance packages include a one-year Peloton subscription).

If you’d like to get a better idea of ​​what’s gone wrong with Peloton so far, we can update you on the story here and even explain why a rumored acquisition might not be the next step.

Frank Broholm had acquired considerable experience in writing and editing publications before recruited by The Media Today Chronicle News portal as Editorial Manager. His key task is to conduct effective business reviews based on the most recent business…