Peloton replaces boss and cuts 2,800 jobs amid sales slowdown

Peloton

Exercise equipment brand Peloton, which grew in popularity over pandemic lockdowns, has revealed it is replacing its chief executive and will lay off 2,800 employees.

Those who have lost their jobs will receive a free Peloton membership for a year which will allow them to access online workouts tailored to the Peloton bike. They will also receive a redundancy package.

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