On Monday, Peloton announced the resignation of the two co-founders and a top executive.
John Foley will leave the company the day of resignment and Hisao Kushi will leave October 3rd.
Foley has served as the company's CEO for 10 years, before stepping down in February along with many other employees whom were laid off. Foley was then serving as executive chair.
Peloton, a recently struggling company, thrived during the pandemic as people were setting up home gyms, amid closing public gyms.
The Peloton stock hit highs of $167 per share, but is at $11.05 per share as of close on Monday.