Peloton CEO cuts 500 more jobs to ‘assure the future viability of the business’

  • 📰 verge
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 67%

ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

Peloton CEO gives company six months to prove it can survive on its own

) this year, Peloton has been particularly badly hit as pandemic-related lockdowns come to an end. In recent months, many have been able to return the public gyms and other communal forms of exercise that were inaccessible during the pandemic. But its costly exercise equipment is also proving a harder sell in a time of high inflation and general economic uncertainty.This will be a difficult day for approximately 500 global team members whose positions are being eliminated.

I am acutely aware many of those impacted by these changes aren’t just colleagues but are also close friends. I know many of you will feel angry, frustrated, and emotionally drained by today’s news, but please know this is a necessary step if we are going to save Peloton, and we are.The final building block, which I have previously outlined, is the right-sizing of our retail footprint. We lost more than $100M on retail last year which is why we must restructure this segment of the business.

● secured $750 million in financing as well as maintained a liquid cash balance of more than one billion dollars,● shifted our last mile delivery by expanding relationships with our third party partners,● entered into new partnerships with iconic retailers Amazon and Dick’s Sporting Goods, andTogether, we have dramatically restructured Peloton’s business. You should be incredibly proud of what we have accomplished. This has not been easy.

 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.

At what point does Google or Apple buy it

I’ll give it 6 weeks

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 94. in İR

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Peloton to cut 500 additional jobs as 'necessary step' to save company, return to growthIn a memo to employees this week, CEO and President Barry McCarthy said the layoffs were a 'necessary step' in completing Peloton's restructuring plan and returning to growth. I hopefully everything will run smoothly , Is there anything like it?
منبع: USATODAY - 🏆 100. / 63 ادامه مطلب »

Dow drops over 500 points after September jobs report, as stocks cut weekly gainsU.S. stocks fall in the wake of the September jobs report, with investors also weighing a profit warning at a leading microchip maker. We should head far lower
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Ashlar Development adds 500+ homes to Wildridge community in Oak Point - Dallas Business JournalAshlar Development LLC will add 122 acres and more than 500 homes to its Wildridge community on Lake Lewisville north of Dallas.
منبع: DallasBizNews - 🏆 525. / 51 ادامه مطلب »