Peloton Layoffs Point to Economic Pressures on Connected Fitness Marketplace

Peloton made headlines on Thursday (May 2) as it announced the launch of restructuring efforts, including laying off approximately 400 employees — about 15% of its global workforce — and reducing its retail showroom footprint to mitigate costs. This announcement, coinciding with its Q3 fiscal year earnings report, is part of the company’s broader strategy to slash annual run-rate expenses by over $200 million by the end of fiscal year 2025. “The objective of the cost reductions is to reshape Peloton to alig ...