Peloton

Peloton representing approximately 11% of its workforce on 2026-01-30.

Peloton representing approximately 6% of its workforce on 2025-08-07.

Peloton, the connected fitness equipment company, announced a significant restructuring on Thursday, which includes laying off approximately 400 employees, representing 15% of its global workforce. This move is part of a broader effort to realign the company's cost structure with its current revenue, as it reported disappointing fiscal third-quarter results that missed Wall Street expectations. The layoffs, alongside the departure of CEO Barry McCarthy, aim to reduce annual expenses by over $200 million by the end of fiscal 2025, with half the savings coming from payroll cuts. The hardest-hit departments include research and development, marketing, and international teams. This restructuring is intended to position Peloton for sustained positive cash flow while continuing to invest in innovation.

Peloton announced a new round of layoffs as part of a restructuring effort, coinciding with the CEO's resignation. The exact number of affected employees was not specified in the announcement.

Peloton, the connected fitness company, announced in February 2024 that it would lay off approximately 400 employees, representing about 15% of its global workforce. This restructuring is part of a broader cost-cutting plan aimed at streamlining operations and returning the company to sustainable growth. The move follows a period of declining demand post-pandemic and is intended to reduce annual expenses by over $200 million. As a publicly traded company in the consumer fitness technology industry, Peloton is refocusing its strategy to stabilize its financial position.

Peloton laid off 500 employees representing approximately 12% of its workforce on 2022-10-06.

Peloton, the connected fitness equipment maker, announced on Friday that it is cutting approximately 780 jobs as part of a major restructuring effort to reduce costs and achieve profitability. This layoff affects a portion of its workforce, though the exact percentage relative to total employees isn't specified in the article. The company is also closing a significant number of its 86 retail stores, exiting last-mile logistics by shutting warehouses, and shifting delivery and support roles to third-party providers. These sweeping changes, led by CEO Barry McCarthy, come as Peloton adjusts from its pandemic boom to slowing demand, aiming to eliminate fixed costs and leverage its customer base. Additionally, Peloton is raising prices on some equipment, like the Bike+ and Tread, while investors reacted positively, sending shares up 13.6%.

Peloton laid off 2,800 employees representing approximately 20% of its workforce on 2022-02-08.