• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Nexudus - Tech Stack Lovers
Home News Business

Peloton Conducts Fourth Round Of Layoffs This Year

With increased inflation and a tumultuous economy, Peloton is decidedly suffering and having to conduct layoffs after losing $100 million in 2021.

Emma AscottbyEmma Ascott
October 7, 2022
in Business
Reading Time: 1 min read
A A
Peloton Conducts Fourth Round Of Layoffs This Year

More stories for you

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

34 mins ago
Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

37 mins ago
New JLL Report Reveals Top 2025 Occupancy Planning Goals Of Commercial Real Estate Leaders

New JLL Report Reveals Top 2025 Occupancy Planning Goals Of Commercial Real Estate Leaders

40 mins ago
New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

44 mins ago

Exercise company Peloton is conducting its fourth round of layoffs this year, with about 500 jobs being eliminated as the company attempts to cut costs.  

In an memo shared with CNN Business, CEO Barry McCarthy told employees that “this is a necessary step if we are going to save Peloton, and we are.”   

Advertisements
Workspaces Run Better On UltraSoftBIS

He also said that Peloton’s retail operations had lost more than $100 million in 2021.  

The layoffs amount to 12% of the company’s staff, which will leave it with 4,000 employees, which is less than half the number of employees it had its peak in 2021. The company announced in August that it was closing a substantial amount of its 86 retail stores in North America. 

Advertisements
Maximize Flexible Space Revenue

This last August the company reported another bad quarter; it lost more than $1.2 billion, and revenues sank 30% compared to the year prior.

These layoffs reflect a struggling economy as well as a nonexistent labor shortage, and the company isn’t alone in having to conduct layoffs to save itself.  

Advertisements
Subscribe to the Future of Work Newsletter
Source: CNN
Tags: BusinessWorkforce
Share6Tweet4Share1
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now
News

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

byFeatured Insights
34 mins ago

Goldman Sachs is embracing artificial intelligence, but, for now at least, it won’t cost any workers their jobs. The investment...

Read more
Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

37 mins ago
New JLL Report Reveals Top 2025 Occupancy Planning Goals Of Commercial Real Estate Leaders

New JLL Report Reveals Top 2025 Occupancy Planning Goals Of Commercial Real Estate Leaders

40 mins ago
New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

44 mins ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00