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Peloton is undergoing another round of layoffs to 'save' the company

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Peloton is undergoing another round of layoffs — its fourth this year — with about 500 jobs being eliminated, as the troubled exercise company looks to cut costs to improve its bottom line.

Peloton is— its fourth this year — with about 500 jobs being eliminated, as the troubled exercise company looks to cut costs to improve its bottom line.

However, Peloton said that Thursday's cuts "marks the completion of the vast majority of our restructuring plan" it began in February 2022 after CEO Barry McCarthy assumed the position.

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