4 ms·

Peloton employed 2,800 people? Doing what?

by java-man 5y ago

adoxyz 5y ago
Sales and marketing.
purerandomness 5y ago
Doing things that don't scale.
trimbo 5y ago
That's 20% of the workforce so they still employ over 10,000. (Edit: This is incorrect -- see reply below!) Based on a quick scan of glassdoor, I'd guess most of the people are in sales, customer support, bike repair/delivery, etc.
- teh_klev 5y ago
  I think you're interpreting that 20% from the article incorrectly. It actually says: "cutting 2,800 jobs, including approximately 20 per cent of corporate jobs at the New York City company." The headcount figures for January before this announcement were: 3281 - US 283 - UK and Germany 71 - Taiwan https://en.wikipedia.org/wiki/Peloton_Interactive https://en.wikipedia.org/wiki/Peloton_Interactive
  - trimbo 5y ago
    Whoa! Thanks for the correction!
  - Aloha 5y ago
    So they're cutting 60% of their workforce give or take - from 3600 people or so down to 835. I have to wonder what on earth those other 2800 people were doing? I would expect a company like Peloton to have a workforce of around 700-1200 people, just based on the market they're in. 20% of that in Manufacturing, Manufacturing Engineering, and Logistics 40% of that in Operations (web, sales, marketing, productions, IT, etc) 15% of that in finance and accounting cost centers 25% of that in management, supervision, product management, general executives. I guess if they had showrooms or retail operations that number might make more sense, that could add an additional 20-150 people per store (retail is headcount expensive - and how expensive varies based on square footage and desired customer experience).
    - teh_klev 5y ago
      Apparently they have (had) 123 showrooms (and perhaps concessions). So imagine if you need to keep these open 7 days a week, maybe 10 hours a day and staff them to cover holidays then you're probably looking at ~6-10 staff per site which is a fair old chunk. They might not all be full time so that headcount might go up even further. Then on top of that area managers, maybe 10-15 show rooms per manager? It all adds up. Their headcount certainly surprised me for a cycling on the internet company :)
acrooks 5y ago
Well, they have about 100 brick and mortar stores. So in addition to all of the other complexities of running a large business, they surely have more than 1,000 people working in stores and store support.

Peloton employed 2,800 people? Doing what?

adoxyz 5y ago

Sales and marketing.

purerandomness 5y ago

Doing things that don't scale.

trimbo 5y ago

That's 20% of the workforce so they still employ over 10,000. (Edit: This is incorrect -- see reply below!) Based on a quick scan of glassdoor, I'd guess most of the people are in sales, customer support, bike repair/delivery, etc.

teh_klev 5y ago
I think you're interpreting that 20% from the article incorrectly. It actually says: "cutting 2,800 jobs, including approximately 20 per cent of corporate jobs at the New York City company." The headcount figures for January before this announcement were: 3281 - US 283 - UK and Germany 71 - Taiwan https://en.wikipedia.org/wiki/Peloton_Interactive https://en.wikipedia.org/wiki/Peloton_Interactive
- trimbo 5y ago
  Whoa! Thanks for the correction!
- Aloha 5y ago
  So they're cutting 60% of their workforce give or take - from 3600 people or so down to 835. I have to wonder what on earth those other 2800 people were doing? I would expect a company like Peloton to have a workforce of around 700-1200 people, just based on the market they're in. 20% of that in Manufacturing, Manufacturing Engineering, and Logistics 40% of that in Operations (web, sales, marketing, productions, IT, etc) 15% of that in finance and accounting cost centers 25% of that in management, supervision, product management, general executives. I guess if they had showrooms or retail operations that number might make more sense, that could add an additional 20-150 people per store (retail is headcount expensive - and how expensive varies based on square footage and desired customer experience).
  - teh_klev 5y ago
    Apparently they have (had) 123 showrooms (and perhaps concessions). So imagine if you need to keep these open 7 days a week, maybe 10 hours a day and staff them to cover holidays then you're probably looking at ~6-10 staff per site which is a fair old chunk. They might not all be full time so that headcount might go up even further. Then on top of that area managers, maybe 10-15 show rooms per manager? It all adds up. Their headcount certainly surprised me for a cycling on the internet company :)

acrooks 5y ago

Well, they have about 100 brick and mortar stores. So in addition to all of the other complexities of running a large business, they surely have more than 1,000 people working in stores and store support.