Peloton Is Cutting 500 More Jobs

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Published on October 6, 2022 - Duration: 01:30s

Peloton Is Cutting 500 More Jobs

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.

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According to McCarthy, the company is still on track to meet its goals for the fiscal year.

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I’m feeling about as optimistic as I’ve ever felt, Barry McCarthy, Peloton CEO, via NBC


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