Peloton is cutting another 500 jobs in its fourth round of layoffs this year
"A key aspect of Peloton’s transformation journey is optimizing efficiencies and implementing cost savings to simplify our business and achieve break-even cash flow by the end of our fiscal year. With that in mind, we have made the difficult decision to reduce our workforce by approximately 12 percent," a Peloton spokesperson told Engadget in a statement."This will result in the reduction of approximately 500 global team members.
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