Peloton also announced that it’s eliminating 400 jobs, which will help the company cut $200 million in costs. The company said that will help it invest in “software, hardware and content ...
Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO ...
The layoffs are part of the latest round for Peloton. According to the AP, 800 jobs were cut in Aug. 2022 and another 500 jobs in Oct. 2022.
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its ...
rebranded Peloton into a software-focused company, leaning on its exclusive content to drive subscriber growth. He also cut jobs, adjusted bike prices and focused on digital subscription plans in ...
The struggling workout company also said that it is laying off 15% of its workforce, or about 400 employees, as part of a significant cost-cutting push. Peloton plans to continue closing retail ...
"This is a necessary thing to do to ensure the company survives for the next 100 years," President Taro Shimada told a press conference in Tokyo as the industrial conglomerate announced its ...