Peloton to cut 12% of workforce in fourth round of layoffs this year

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Five hundred job cuts announced to staff with reductions to leave Peloton with roughly 3,800 employees globallyPeloton is planning to cut about 12% of its workforce in its fourth round of layoffs so far this year, the company announced on Thursday.The 500 job cuts will leave the maker of high-end exercise-equipment plans with roughly 3,800 employees globally, less than half the number of people the company employed at its peak last year. Continue reading... ...

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