Peloton CEO steps down amid more layoffs 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 was accused of an “egregious money grab” over its controversial decision to tack on a $95 “equipment activation fee” for those who purchased a used bike.

An at-home Peloton bike — which became wildly popular during COVID lockdowns — retails for between $1,445 and $2,495. To get access to classes on the bike, customers must also spend $24 per month.

Peloton also announced it is cutting 15% of its staff — or 400 employees — as it tries to trim costs. The job cuts mark the fifth time Peloton has reduced its headcount since the company ...

Four of Peloton’s big fitness personalities — Kristin McGee, Kendall Toole, and Ross Rayburn — have announced they are leaving amid ‘contract negotiations.’ But the company’s future is ...

Daniel McKenna Courtesy of Daniel McKenna/Instagram. Since then, Peloton has peacefully maintained a steady roster of 61 instructors, aged between 28 and 55, until news of the departures started ...

Shares of beleaguered exercise equipment company Peloton rallied sharply on Thursday after it reported its first rise in sales in more than two years. The home fitness company brought in $644 ...