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PELOTON EQUIPMENT
Peloton cuts 11% of jobs, with engineering teams getting hitPeloton Interactive, the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move. The cutback mostl...- Google Fitbit, Peloton announce fitness content partnershipGoogle's Fitbit and Peloton Interactive have teamed up to offer Fitbit premium users access to Peloton's fitness content starting in Septem...
- Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping downPeloton undergoes restructuring, cutting 400 jobs globally. CEO Barry McCarthy resigns. Shares rise by 11%. Sales surged during lockdowns b...
- Peloton CEO Barry McCarthy steps down, fitness equipment maker to cut 15% jobsBarry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed...
- 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...
- 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.
- 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...
- Peloton's fitness equipment line-up grows with new $3,195 rowing machine. See detailsDuring a restructuring effort to expand the company's customer base and return to profitability, Peloton is adding rowing machines to its p...
- Peloton net loss widens amid turnaround effortsPeloton's shares tumbled more than 14% to $11.59 in premarket trading.
- 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...
- 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.
- 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...
- Peloton to replace CEO amid waning demand for at-home fitness equipmentThe exercise bike maker's co-founder, John Foley, will step down as CEO and will become the executive chair, the company said.
- Amazon is exploring offer for Peloton, source says; report says Nike also weighing bidMeanwhile, the Financial Times reported late on Friday that sportswear company Nike Inc is also evaluating a bid for Peloton.
- 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.
- Wall Street drops as bargain-hunting loses steamThe Dow Jones Industrial Average fell 313.26 points, or 0.89%, to 34,715.39, the S&P 500 lost 50.03 points, or 1.10%, to 4,482.73 and the N...
- 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.
- Cycling startup Peloton confidentially files for US IPOIt raised $550 million in a funding round last year led by venture capital firm TCV that valued that company at $4.15 billion.
- Major race organisers reduce number of riders per teamCYCLING-ORGANISERS-TEAMS:Major race organisers reduce number of riders per team
- Cycling-Major race organisers reduce number of riders per teamCYCLING-ORGANISERS/TEAMS:Cycling-Major race organisers reduce number of riders per team
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