Peloton lays off 11 percent of its staff just a few months after launching its AI hardware
Peloton said on Friday that it’s cutting around 11 percent of its staff, mostly impacting “engineers working on technology and enterprise-related efforts,” reports Bloomberg. Last August, Peloton laid off six percent of its workforce and told investors it would continue layoffs globally in 2026, in an attempt to cut at least $100 million of annual…