Peloton will eliminate roughly 570 jobs and stop manufacturing bikes
Peloton said it will cease all in-house production of its bikes and treadmills. Move manufacturing to partners. The New York-based firm will cut around 570 jobs at its Tonic Fitness Technology unit. Peloton Interactive (PTON.O), a Gym equipment producer said on Tuesday it will stop all in-house creation of its bikes and treadmills and move … Read more
