Peloton cuts 15% of workforce to bring spending in line with...

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2024-05-02 15:30:02 -

Peloton cuts 15% of workforce to bring spending in line with revenue as CEO steps down despite optimism beleaguered brand is on the right path

The American fitness company, whose sales have plummeted since the Covid pandemic, also plans to cut back its retail presence due to weak demand

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