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Peloton Cuts Another 500 Jobs

By
Martin Peers
· · Source: The Wall Street Journal

Peloton CEO Barry McCarthy announced plans to cut another 500 jobs, the latest step in the restructuring of the struggling exercise equipment maker. McCarthy also said that Peloton needs to show within six months that growth initiatives it has taken, such as selling through Amazon and Dick’s Sporting Goods, are yielding fruit, according to a spokesman for Peloton. The spokesman denied a report...

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