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Peloton to lay off almost 3,000 workers and replace CEO

Peloton has hit the skids. The pandemic breakout brand will lay off 2,800 workers and replace its co-founder CEO John Foley. The company has faced takeover rumors by Amazon, Nike or Apple.

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Alina Selyukh is a business correspondent at NPR, where she follows the path of the retail and tech industries, tracking how America's biggest companies are influencing the way we spend our time, money, and energy.