They are laying off nearly 800 people across its customer service and distribution departments. Bloomberg reports that this is Peloton’s third round of layoffs in 2022 alone; the company is also closing retail stores and raising prices on its popular exercise bikes. Declining sales, plunging stock and raising prices doesn't sound like a great move tbh but what else can they do?

ICYMI: Peloton fired ~3,000 employees in February and cut more than 500 overseas roles last month. It's not looking good for them.