Peloton is cutting approximately 500 jobs, about 12% of its workforce, as the high-end exercise equipment maker continues its turnaround efforts.
FILE - This Nov. 19, 2019 photo shows a Peloton logo on the company's stationary bicycle in San Francisco, Calif. Peloton told employees Thursday, Oct. 6, 2022, that it will cut approximately 500 jobs, or about 12% of its workforce, as post- pandemic sales of its indoor exercise equipment continues to tail off.
The maker of high-end exercise equipment cut approximately 500 jobs, or about 12% of its workforce, Peloton said Thursday.begun in February. That plan included a new chief executive and a smaller store base.
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