Peloton threatens layoffs after losing pandemic steam

By Mark Gurman and Katrina Lewis
Published 4 Min Read

A year ago this week, Peloton was the darling of the pandemic.

The stock hit an all-time high in January 2021 — sending its market value near $50 billion — after stuck-at-home consumers flooded the company with orders. Peloton had recently introduced a new exercise bike and was preparing a push into more affordable treadmills. Its fitness instructors had become celebrities, pulling in annual compensation of half a million dollars in some cases.

Mark Gurman and Katrina Lewis
From Bloomberg News

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