Peloton lays off 11% of workforce

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Peloton has laid off 11% of its workforce as the fitness equipment company faces falling sales and a shrinking membership base. “As part of our previously announced $100 million cost savings plan, we shared that we’d be optimizing indirect spend, reshaping our teams and, in some cases, the locations where we work,” a company spokesperson said in a statement. “Our rec ...