Peloton’s 700 Cork jobs in doubt with no date set for office opening | Business Post

Peloton has denied reports that it is instituting a recruitment freeze and halting product development due to its difficulties, and a spokeswoman said that it still planned to open a Cork office.

Peloton has declined to give a date for when it plans to open an office in Cork following reports that it would hire 700 people. The company’s share price has fallen sharply in recent months as demand has dampened for home workout products and it was forced to recall a product over safety concerns. Peloton has denied reports that it is instituting a recruitment freeze and halting product development due to its difficulties, and...

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