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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?
by 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 agoApparently 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 :)