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Peloton cuts 2,800 jobs and CEO steps down

By Christopher Hutton
Published February 8, 2022 2:01pm ET
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Peloton cuts 2,800 jobs and CEO steps down
Peloton is cutting 20% of its workforce, estimated to be around 2,800 jobs, according to the company’s CEO. The fitness company’s reduction comes in an attempt to boost profitability while demand for the company’s fitness equipment diminishes and its stock market value dips. “After careful review, we’ll be driving strategic initiatives across our global team […]

Peloton is cutting 20% of its workforce, estimated to be around 2,800 jobs, according to the company’s CEO.

The fitness company’s reduction comes in an attempt to boost profitability while demand for the company’s fitness equipment diminishes and its stock market value dips.

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