Peloton Cuts 11% of Jobs, With Engineering Teams Getting Hit
Peloton Interactive Inc. , the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move, according to a person with knowledge of the matter.
Peter Stern , who took over as chief executive officer last year, informed staffers of the move on Friday, said the person, who asked not to be identified because the matter isn’t public. The cutback mostly affects engineers working on technology and efforts for enterprise customers, the person said.
Peloton (PTON) Cuts 11% of Staff, Including From Engineering Teams
