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dot com code tech news this is tech crunch

here's your Daily Crunch.

Ahead of Peloton Earnings Report Tuesday, John Foley announced that he's stepping

down as CEO.

The longtime chief executive will remain on as executive chair with

former Spotify CFO Barry McCarthy stepping into his old role. The firm is

also cutting 2,800 jobs globally around 20% of its corporate workforce.

Such moves arrive at the tail end of a roller coaster couple of years for the connected

fitness brand culminating with a drop in demand. And Amazon's telehealth program, Amazon Care, is now available nationwide.

The Amazon Care model combines on demand and in-person care

and is meant as a solution from the search giant to address

shortfalls in current offerings for health care. The company also

announced that the in-person services are rolling out in more than 20 new

cities this year.

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