Peloton Is Cutting 12% of Remaining Workforce in Fourth Round of Layoffs This Year

The move was earlier reported byThe Wall Street JournalandCNBC.

These challenges follow Peloton’s boom period during the early months of theCOVID-19pandemic.

“Decisions like this are incredibly difficult and Peloton is doing all we can to help our impacted colleagues.

“I’m feeling about as optimistic as I’ve ever felt,” McCarthy said.