Money

Peloton to cut 500 additional jobs as ‘necessary step’ to save company, return to growth

Wyatte Grantham-Philips, USA TODAYComments Off on Peloton to cut 500 additional jobs as ‘necessary step’ to save company, return to growth

Peloton is cutting about 500 more jobs, or about 12% of its workforce, as the exercise equipment maker continues efforts to return to profitability.

     
Wyatte Grantham-Philips, USA TODAY
https://api-internal.usatoday.com.akadns.net

Related Articles
Money

Former Rep. Harold Ford Jr. fired for alleged ‘misconduct;’ denies wrongdoing

USA TODAY NETWORK – Tennessee

Morgan Stanley said the former Tennessee congressman was terminated for ‘conduct inconsistent with our values and in violation of our policies.’
Featured Money

Bitcoin tops $16,000, and its $271B market value passes Home Depot’s

USA TODAY

The cryptocurrency’s rise in price makes it more valuable than all but 12 of the 500 companies in the S&P 500 stock index.
Money

4 money-saving strategies from spouses who bank 85% of their income

CNBC

Some couples live modestly, choosing to save and invest about 85% of their income.