Read Peloton CEO's Memo to Staff on Job Cuts and Price Increases – Bloomberg


Bloomberg Daybreak Asia. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
Sanjay Shah used an obscure loophole to go from unemployed trader to $700 million whale in just a few years. Now regulators are after him for what they consider the biggest tax heist in European history.
China Travel to Boom When Border Reopens, Samsonite CEO Says
UK Consumer Confidence Falls to Lowest Since 1974 as Prices Jump
Big Tech Has a Message for Schumer: We Come Bearing Gifts
Abu Dhabi AI Firm Sets Up $10 Billion Fund for Tech Deals
Musk Says Twitter Is Hounding Him Over Every Chat About Buyout
Indonesia May Impose Nickel Export Tax This Year, President Widodo Says
UK Labour Demands Recall of Parliament to Tackle Energy Crisis
Cohen Makes Millions on Bed Bath & Beyond as Meme Traders Recoil
Return to Office Is Being Threatened by a Child Care Crisis in Australia
Pujols Hits Grand Slam, Leads Wainwright, Cards Over Rockies
Rock Mag Creem Attempts Comeback After More Than 30 Years
Can Hong Kong Repair Its Battered Image?
Vietnam Is Growing at 7%. Hanoi Can Do a Lot Better.
You Thought China’s Tech Slowdown Was Bad
Richest Silicon Valley Suburb Says Build Anywhere But Here
Neobanks Are Struggling to Make Good on Their Lofty Promises
Stories of Climate Adaptation From a Simmering Subcontinent
Florida’s ‘Stop Woke Act’ for Workplaces Blocked by Federal Judge
Starbucks Must Offer to Rehire Fired Activists, Judge Rules
Browns’ Deshaun Watson Suspended 11 Games, Fined $5 Million
Startup’s Hydrogen Breakthrough May Give New Life to Coal Plants
Another Coal Plant Wins Lifeline Despite Biden’s Green Push
New England Cities Fight Abortion Misinformation With Truth-in-Ads Laws
What Penn Station’s $6 Billion Makeover Means for NYC
The Fight Against Evictions Moves to the Courts
Banks’ Crypto Exposure Capped by Canadian Regulator in New Rules
Ethereum Developers Back Sept. 15 Target for Blockchain Software ‘Merge’
Nigeria Seeks to Boost E-Naira Users 10-Fold as Cryptos Grow
‘Changes of this nature are never easy,’ fitness company’s boss says 
Peloton plans to close many of its retail showrooms as part of a turnaround plan.

Peloton Interactive Inc. told staff on Friday that it will cut hundreds of jobs and close a significant number of retail locations in a new push to lower costs. It’s also raising the prices of its Bike+ and Tread machines. Barry McCarthy, Peloton’s chief executive officer, sent employees a memo on the changes that was obtained by Bloomberg News. 
Here is the memo in full:



Related posts

Why Brand Positioning is Important for Your Firm - AccountingWEB.com

We’re no longer updating this site but we continue to support the global accounting community and…
Read more

Is Joe Manchin positioning for a presidential run? - The Hill

Sen. Joe Manchin (D-W.Va.) suddenly has emerged with that ever-shifting title “Most Powerful…
Read more

Playoff positioning at stake as rivals Valwood and Brookwood clash - Valdosta Daily Times

Sunny to partly cloudy. High near 80F. Winds SW at 5 to 10 mph..
Read more

Sign up for The Pro People Community's Daily Digest and get the best of Industry updates, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *