Peloton CEO steps down, lays off 15%

Question

https://investor.onepeloton.com/news-releases/news-release-details/peloton-announces-leadership-transition

Sucks about the layoffs but feels like this was a looooong time coming. They hadn't turned a profit since December of 2020..

GSXRRRRR · Accepted Answer

Perfect case study about scaling too quickly and being shortsighted with how people actually interacted and used their product.

fremontman · Answer

An expensive exercise equipment, that's why it failed.

Kravorka · Answer

As an avid user of the product; I love their product and content

laissezfaire · Answer

Crazy, but I actually know a lot of people who use Peloton. Perhaps they grew too much, but I think there's still a great business in here. Too many people buy this thing for it to not be successful.

Jookim · Answer

Noice! Dana got him fired 😂

Peloton CEO steps down, lays off 15%

PELOTON ANNOUNCES LEADERSHIP TRANSITION | Peloton Interactive, Inc.

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