Peloton said on Friday that it’s cutting around 11 percent of its staff, mostly impacting “engineers working on technology and enterprise-related efforts,” reports Bloomberg.
Last August, Peloton laid off six percent of its workforce and told investors it would continue layoffs globally in 2026, in an attempt to cut at least $100 million of annual spending by the end of the fiscal year.
Peloton’s latest strategy shift to reverse the effect of its pandemic-era boom stalling out has also brought new hardware with Peloton IQ AI features. The Cross Training Series that debuted last October includes a new Bike, Bike Plus, Tread, Tread Plus, …
Read the full story at The Verge.
Original Source: https://www.theverge.com/gadgets/871422/peloton-layoffs-cost-cutting-2026
Original Source: https://www.theverge.com/gadgets/871422/peloton-layoffs-cost-cutting-2026
Disclaimer: This article is a reblogged/syndicated piece from a third-party news source. Content is provided for informational purposes only. For the most up-to-date and complete information, please visit the original source. Digital Ground Media does not claim ownership of third-party content and is not responsible for its accuracy or completeness.
