Peloton lays off 11 percent of its staff just a few months after launching its AI hardware

Source: The Verge

Peloton Announces New Layoffs

Peloton said on Friday that it’s cutting around 11 percent of its staff, mostly impacting “engineers working on technology and enterprise‑related efforts,” reports Bloomberg. Last August, Peloton laid off six percent of its workforce and told investors it would continue layoffs globally in 2026, in…