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Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
- randycupertino 3y agoI feel like the Peleton hype train slowed down after the Pandemic; everyone in their target market already bought one, so other than monthly subscription services they have no new growth. Also the deadly treadmill recall didn't help things. https://www.cpsc.gov/Newsroom/News-Releases/2023/Peloton-Extends-Full-Refund-for-Consumers-with-the-Recalled-Tread-Treadmill-to-November-6-2023 https://www.cpsc.gov/Newsroom/News-Releases/2023/Peloton-Ext...