john foley
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Peloton to Replace CEO as It Goes Full Damage-Control Mode
Peloton will replace its CEO, cut about 2,800 jobs, and revamp its leadership team as the company faces declining demand for its exercise equipment. The layoffs account for around 20% of the corporate workforce but will not affect instructors or content.
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Peloton’s Recalled Tread Is Finally Going On Sale Next Week
At long last, Peloton’s smaller and cheaper treadmill has an official launch date. The treadmill was supposed to arrive in late May, but the company decided to postpone the Tread’s launch following a voluntary recall. Starting August 30, customers in the U.S., Canada, and the UK can fork over $US2,495 ($3,461) for the newest Peloton.
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Holy Hell, Peloton Is Recalling Both Its Treadmills
After a heated back-and-forth with the U.S. Consumer Product Safety Commission (CPSC), Peloton has finally decided to issue two separate voluntary recalls of its Tread and Tread+ treadmills.
