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Peloton cuts 2,800 jobs and CEO steps down

By Christopher Hutton
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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.

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