’s chief executive said the company is reviewing the size of its workforce and resetting production levels as the company adapts to more seasonal demand for its exercise equipment.
Mr. Foley added: “We feel good about right-sizing our production, and, as we evolve to more seasonal demand curves, we are resetting our production levels for sustainable growth.” Peloton, which has signed up millions of customers to its digital-fitness classes, is grappling with slowing demand for its equipment. It warned investors last year that its annual sales would miss the company’s expectations by 20% and that it was looking at ways to cut costs.
' Dance Hand '.
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Cool.
Deadly treadmills and consumers going back to gyms.
I'm amazed they can find people willing to pay $60 a month to exercise in their own home.
sToCkS oNlY gO uP
Overpriced product dies a natural death
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