Peloton (PTON) to Cut 15% Staff, Announces Cost Reduction
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PELOTON ANNOUNCES COST REDUCTION EFFORTS TO POSITION COMPANY TO SUSTAIN MEANINGFUL, POSITIVE FREE CASH FLOW
May 2, 2024 7:05 AM EDTCompany to Continue Investment in Hardware, Software and Content Innovation, Improvements to Member Support Experience, and Marketing Optimization to Scale the Business
Expects to Reduce Annual Run-Rate Expenses by More than $200 Million by End of Fiscal 2025
Q3 Fiscal Year 2024 Earnings Call Today at 8:30 am ET
NEW YORK, May 2, 2024 /PRNewswire/ --... More
