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Peloton is cutting another 500 jobs

CNBC 10/06/2022

Peloton is eliminating another 500 jobs after multiple rounds of layoffs earlier in the year. The fitness equipment company’s CEO Barry McCarthy said that “restructuring is done” with the latest round of cuts so that Peloton can remain “focused on growth.” The company recently announced deals with Amazon.com and Hilton Hotels to drive sales and broaden its reach with consumers.

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