News Formal

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

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Almost invest in Feb 2021 $154. Thank fuck I didn’t

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street sees S&P 500 falling further after bear-market bounce - BNN BloombergSome of Wall Street’s biggest banks aren’t buying this stock-market rally. ...because they're net short. Um.. What rally? What rally are you referring to
Source: BNNBloomberg - 🏆 83. / 50 Read more »