Positioning

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

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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.
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‘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:

source



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