Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton, a company that has become synonymous with at-home fitness, has recently made headlines by announcing the cutting of about 400 jobs worldwide and CEO McCarthy stepping down. As I reflect on these developments, I can’t help but think back to the rise and fall of this once-prominent brand.
When the pandemic hit and gyms around the world closed their doors, Peloton saw a surge in demand for their products. People were scrambling to find ways to stay active from the comfort of their homes, and Peloton seemed to offer the perfect solution. However, as someone who has walked past Peloton stores and rarely seen any customers inside, it’s clear that the company may have overestimated the longevity of this trend.… Continue reading
John Q. Hosedrinker