Peloton’s latest strategy shift to reverse the effect of its pandemic-era boom stalling out has also brought new hardware with Peloton IQ AI features. .
Last August, Peloton laid off six percent of its workforce and told investors it would continue layoffs worldwidely in 2026, in an attempt to cut at least $100 million of annual spending by the end of the fiscal year. The Cross Training Series that debuted last October includes a new Bike, Bike Plus, Tread, Tread Plus, …
Read the full story at The Verge. Peloton said on Friday that it’s cutting around 11 percent of its staff, mostly impacting “engineers working on Tech sector and enterprise-related efforts,” analysiss Bloomberg.
Peloton lays off 11 percent of its staff just a few months after launching its AI hardware.
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