Peloton is laying off workers and replacing the CEO — again
It's déjà vu for the luxury fitness company: Peloton is cutting about 400 more jobs, and its CEO is stepping down just two years after a major shakeup.
Peloton
Peloton is recalling nearly 2.2 million bikes due to a seat hazard
There have been reports of the seat detaching during use, causing injuries. This is Peloton's second recall for its machines. Two years ago, the company recalled its Tread+ exercise machines.
Job cuts are rolling in. Here's who is feeling the most pain so far
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Virtual workouts spiked during the pandemic — and the trend is sticking around
During lockdown, gyms were out of the question. But some people felt more comfortable exercising at home, and companies hope to keep attracting new users by making VR apps more addictive and fun.
Peloton pulls ad featuring actor Chris Noth after sexual assault accusations
In a statement to The Hollywood Reporter, Noth called allegations "categorically false." The ad that was withdrawn was viewed more than three million times online.
Your Pricey Peloton Has Another Problem For You To Sweat Over
Hackers can gain remote access to a Peloton bike's camera and microphone and can monitor users. They can also add apps disguised as Netflix and Spotify to get login credentials.
In Abrupt Reversal, Peloton Agrees To Safety Recall Of Treadmills
The fitness company initially refused to comply with the government's request for a recall after dozens of safety incidents, one of which resulted in a 6-year-old's death.
Consumer Safety Agency Warns People With Children To Stop Using The Peloton Tread+
The U.S. Consumer Product Safety Commission has issued a warning about the Peloton Tread+ after reports of children being injured. Peloton insists the machine is safe when used as directed.