Peloton undergoes restructuring, cutting 400 jobs globally. CEO Barry McCarthy resigns. Shares rise by 11%. Sales surged during lockdowns b...

Barry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed...

Investors have been cautious in the opening sessions of 2024, as they awaited further clarity on when interest rate cuts will begin, and ho...

A Labor Department report showed US employers hired more workers than expected in December, while raising wages at a solid clip. The unempl...

The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for a...

In 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 ...

While there’s little doubt the tech world has been in a pandemic-induced, stimulus-funded, number-go-up utopia for the best part of three y...

US exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employee...

Following a massive loss, the high-end exercise equipment company, Peloton, has decided to cut approximately 500 jobs.

The 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...

The news of the Amazon deal sent shares of New York-based Peloton Interactive Inc. soaring 20% Wednesday. They are still down about 88% in ...

Peloton said it also plans to "significantly" reduce its North American store base, which now numbers 86. But it didn't say how many locati...

According to CNBC, Tonal employs about 750 people and counts Amazon and Tennis star Serena Williams as its major investors.

The 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...

The billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce,...

Netflix shares fell as much as 23% on Friday, the biggest drop since October 2014, while Peloton shares climbed 17% on the Nasdaq, reversin...

Shares in the exercise bike maker, once a pandemic darling, closed down 24% at about $24, wiping off nearly $2.5 billion in market value.