Peloton Prepares to Cut Jobs, Close Stores, and Increase Prices
Peloton (NASDAQ: PTON) has had a rough year amid supply chain disruptions, employee shortages, and the overall economy.
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Peloton (NASDAQ: PTON) has had a rough year amid supply chain disruptions, employee shortages, and the overall economy.
Peloton’s financial woes continue as the company will purportedly cut nearly 800 jobs in a third round of layoffs. The Bike Plus and Tread will also see price hikes as Peloton also shutters several retail locations.
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