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Peloton has pivoted many times over the past few years in its quest to return to profitability. The latest, as announced in ...
Shares of Peloton Interactive (PTON) reversed course and turned lower Thursday after the connected fitness company swung to a ...
The fitness company told its shareholders that operating expenses “remain too high, which hinders our ability to invest in ...
Peloton Interactive shares were up sharply on Thursday morning, August 7 as the company beat top and bottom-line estimates ...
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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.
After Friday’s layoffs are completed, Peloton will have about 5,000 employees. The memo comes one month after Peloton announced it will stop making its own equipment and outsource it to a ...
For the fourth time this year, Peloton has announced a round of layoffs. The struggling fitness company is cutting another 500 jobs, CEO Barry McCarthy told CNBC. In a memo to employees, McCarthy ...
I found out through reading articles about the layoffs,” the ex-employee said. Peloton cut roughly 20% of its corporate workforce in a restructuring bid. Getty Images ...
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