Peloton to replace CEO and cut 2,800 jobs
Peloton to replace CEO and cut 2,800 jobs
- Feb 09, 2022
- 415 views
- 0 comments
-
Share
Meanwhile, Peloton also announced that it will lay off around 2,800 employees, including 20% of its corporate positions. The company is also cutting down on the number of warehouses it owns and operates. They also plan on expanding delivery agreements with third-party providers, which will help Peloton save $800 million in annual costs.
In a press release, the company said, "This restructuring program is the result of diligent planning to address key areas of the business and realign our operations so that we can execute against our growth opportunity with efficiency and discipline." The layoffs begin on Tuesday and the affected employees will receive a 1-year digital subscription to Peloton as part of their severance.
Source: CNN
- 415 views
- 0 comments
Tags In
Doctor PostsYou might also like
Best tech jobs in the United States : BLS data
- Sep 06, 2022
- 1350 views
- 0 comments
For several reasons, the IT sector is appealing to job seekers. ...Read more
Salaries for Californian fast food employees might rise to $22 per hour
- Sep 06, 2022
- 828 views
- 0 comments
Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more
Workers leave as job dissatisfaction grows
- Aug 17, 2022
- 1380 views
- 0 comments
Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more
Microsoft offers graduates from African nations job prospects in the US & Canada
- Aug 17, 2022
- 815 views
- 0 comments
New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more
Casper is hiring professional sleepers
- Aug 10, 2022
- 1390 views
- 0 comments
A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more
Category
-
Labor Relations
-
Disability Benefits
-
Workplance Violence
-
Workplace Security
-
Performance Management
-
Learning & Development
-
Raise
-
Communicable Diseases
-
Retaliation
-
Time Worked
-
Retirement & Recognitions
-
Privacy
-
Mental Health Benefits
-
HR Software
-
Executive Compensation
-
Disaster Preparation & Response
-
Workforce Planning
-
Emergency Response
-
Work Visas
-
Career Development
-
Employment Testing
-
Ethnicity
-
Employee Surveys
-
Contracts & RFPs
-
Payroll
-
Compensation & Benefits
-
Electronic Records Management
-
HR Careers
-
Gender Identity
-
Termination
-
Employee Handbooks
-
Employment Offers
-
Workers' Compensation
-
Benefits
-
Paid Leave
-
Succession Planning
-
Workplace Stories
-
Investigations
-
Religion & Spirituality
-
Mentoring & Coaching
-
Disability Accomodations
-
Inclusion, Equity &
-
Religious Accomodations
-
Remote & Hybrid Work
-
People Management
-
Promotion
-
Salary Surveys
-
Vendors & Software
-
Employment Branding
-
Teamwork
Articles
The job market in the US is slowly gaining traction after the long period of gloom that took the un ...Read more
With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...Read more
If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...Read more
Teaching jobs: transformative teacher roles you can undertake amidst the teacher shortage in the US ...Read more