Peloton Lays off Employees for the Fourth Time This Year
The home fitness company plans to lay off 500 employees, or 12 percent of its workforce as CEO Barry McCarthy seeks to turn around the business.
Barry McCarthy
Peloton Has Lost Money For Six Straight Quarters As Demand for At-Home Fitness Tumbles
Peloton reported a net loss of $1.24 billion in its latest fiscal quarter, almost four times wider than a year ago.
