Peloton to cut 500 more jobs in last bid for turnaround
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5 min read . Updated: 06 Oct 2022, 06:34 PM IST - Chief Executive Barry McCarthy says company has six months to prove it can survive on its own
Peloton Interactive Inc. said it plans to cut about 500 jobs, roughly 12% of its remaining workforce, in the company’s fourth round of layoffs this year as the connected fitness-equipment maker tries to reverse mounting losses.