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. The one-time fee, which ...

News of McCarthy’s exit came as Peloton reported revenue slid 4% to $717.7 million in its latest quarter. Peloton shares slipped 2.5% to $3.14. In the previous quarter, Peloton said sales fell ...

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 ...

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people's homes.

Peloton has also added AI-powered translations for subtitling its classes. It says it subtitled 3,300 classes this way in Q3, and has ramped up to translating roughly 100 classes per day using AI.

Peloton has announced that the activation fee for used equipment is down from $95 to $45, too. The All Access Membership, required to take classes and use the devices to their maximum capabilities ...

Peloton unveiled restructuring plans aimed at reducing costs in May, including laying off 15% of its workforce and the exit of former CEO Barry McCarthy. Chief Financial Officer Liz Coddington ...

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 ...