Get ready for CEO Tim Cook's riskiest move at AppleOne criticism of his successor as chief executive officer, meanwhile, is that he is yet to come up with a bold new idea of his own. Tim Coo...
17 May, 2023, 01.47 PM IST
Peloton is recalling more than two million exercise bikes. Here's whyThe recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for a...
11 May, 2023, 09.54 PM IST
Tech companies keep slashing jobs in uncertain 2023 economyIn November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of ...
06 Jan, 2023, 10.58 AM IST
Meta battles US antitrust agency over future of virtual realityThe FTC sued in July to stop the deal, saying Meta's acquisition of Within would "tend to create a monopoly" in the market for virtual real...
09 Dec, 2022, 10.14 AM IST
This CEO wants people to be happy that he laid off 500 employeesUS exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employee...
09 Oct, 2022, 12.26 PM IST
Peloton slashes over 500 jobs as part of its turnaround strategy after massive lossFollowing a massive loss, the high-end exercise equipment company, Peloton, has decided to cut approximately 500 jobs.
07 Oct, 2022, 07.10 PM IST
Peloton to cut about 12% of workforce in a move to 'save' companyThe company's latest move to lay off 500 global jobs also marks its final step of restructuring, which began under the watch of Barry McCar...
06 Oct, 2022, 08.37 PM IST
Peloton to sell its bikes on Amazon in bid to reverse slumpThe news of the Amazon deal sent shares of New York-based Peloton Interactive Inc. soaring 20% Wednesday. They are still down about 88% in ...
25 Aug, 2022, 04.50 PM IST
Peloton cuts jobs, raises prices in bid for profitabilityPeloton said it also plans to "significantly" reduce its North American store base, which now numbers 86. But it didn't say how many locati...
13 Aug, 2022, 02.44 PM IST
Amazon-backed Tonal cuts 35% of its workforceAccording to CNBC, Tonal employs about 750 people and counts Amazon and Tennis star Serena Williams as its major investors.
14 Jul, 2022, 01.40 PM IST
Peloton to stop making bike, tread products in-house, cut about 570 jobsThe New York-based firm will cut around 570 jobs at its Tonic Fitness Technology unit, a Taiwan-based firm bought by Peloton in 2019, accor...
12 Jul, 2022, 10.56 PM IST
Wall Street ends lower as Meta Platforms weighsAmazon.com Inc rose 0.2% after expanding its market capitalization by around $190 billion on Friday on the back of blowout earnings.
08 Feb, 2022, 06.55 AM IST
Netflix, Peloton latest among market's pandemic stars to lose shineNetflix shares fell as much as 23% on Friday, the biggest drop since October 2014, while Peloton shares climbed 17% on the Nasdaq, reversin...
22 Jan, 2022, 09.35 AM IST
Peloton loses $2.5 billion in market value after report on production pauseShares in the exercise bike maker, once a pandemic darling, closed down 24% at about $24, wiping off nearly $2.5 billion in market value.
21 Jan, 2022, 09.04 AM IST
View: Who are the winners of remote work?Some employees and freelancers who can work remotely will have vastly expanded opportunities and the possibility of significant increases i...
02 Sep, 2021, 12.40 PM IST
What happens to fitness industry as more people turn to working out from home, attend virtual classes?Thousands of small fitness centers and studios that were forced to close a year ago now are gone for good.
10 Aug, 2021, 06.00 PM IST
Bobbi Brown's mantra to stay healthy: Vacay in Bahamas, moderation, 10,000 steps a dayBrown loves yoga and taking a class on her Peloton bike.
02 May, 2019, 09.29 AM IST