Peloton announces layoffs as at-home spin bike competitions abound.
Here’s what you better know about the current state of the cycling giant.
Both leadership switch-ups are the culmination of a months-long succession plan, according to Foley.
Pelotons board of directors will also be changing.
All of these switch-ups are designed to save the company around $800 million.
As competition heats up, Peloton will have to fight to stayinthe peloton itself.
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Well+Good reached out to Peloton for comment, but did not hear back.
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