Peloton is shaking up its leadership team again as the company has announced another round of layoffs as sales continue to slump.

The fitness company said CEO Barry McCarthy will be stepping down from his position and is being replaced by Karen Boone and Chris Bruzzo as co-CEOs. Boone, Peloton’s chairwoman, and Bruzzo, a director at the company, will serve as interim CEOs while the company seeks a permanent one.

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