‘Motivation that moves you’ . . . to unemployment: Peloton announces 800 job cuts

‘Motivation that moves you’ . . . to unemployment: Peloton announces 784 job cuts, $500 price hikes on equipment and a mandatory return-to-office policy amid massive loss of share prices

  • CEO Barry McCarthy told employees the company is cutting 784 jobs, closing a significant number of its stores and hiking equipment prices 
  • The company didn’t specify how many of its 86 retail locations it plans to shutter
  • All employees that are not ‘remote-specific’ will be required to return to the office by Nov. 14 
  • Peloton will also be exiting last-mile logistics and closing its remaining warehouses and shifting delivery work to third-party providers

Peloton told employees Friday it’s slashing 784 jobs, increasing equipment prices, closing several retail locations and…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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