Peloton Is Cutting, 500 More Jobs.
Peloton Is Cutting, 500 More Jobs.
NBC reports that Peloton is getting ready to cut
another 500 jobs in an attempt to position the
struggling fitness equipment maker to mount a comeback.
NBC reports that Peloton is getting ready to cut
another 500 jobs in an attempt to position the
struggling fitness equipment maker to mount a comeback.
According to CEO Barry McCarthy,
Peloton will cut about 12% of its workforce in
what he considers a pivot point for the company.
According to CEO Barry McCarthy,
Peloton will cut about 12% of its workforce in
what he considers a pivot point for the company.
The restructuring is done
with today’s announcement.
Now we’re focused on growth, Barry McCarthy, Peloton CEO, via NBC.
NBC points out that the company
has already had multiple
rounds of layoffs in 2022.
Peloton is counting on recent strategy changes, including partnerships with Amazon and Hilton,
to help the company return to growth.
Peloton is counting on recent strategy changes, including partnerships with Amazon and Hilton,
to help the company return to growth.
Earlier this week, the company unveiled
a plan to put Peloton bikes in every
Hilton-branded hotel in the U.S.
Earlier this week, the company unveiled
a plan to put Peloton bikes in every
Hilton-branded hotel in the U.S.
The company's sports equipment will
also be available on Amazon
and in Dick's Sporting Goods.
The company's sports equipment will
also be available on Amazon
and in Dick's Sporting Goods.
We need to grow to
get the business to
a sustainable level, Barry McCarthy, Peloton CEO, via NBC.
According to McCarthy,
the company is still on track to
meet its goals for the fiscal year. .
According to McCarthy,
the company is still on track to
meet its goals for the fiscal year. .
I’m feeling about
as optimistic
as I’ve ever felt, Barry McCarthy, Peloton CEO, via NBC