Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit
- Peloton told employees it is slashing roughly 780 jobs, closing a significant number of its stores and hiking prices on some equipment.
- The company didn't specify how many of its 86 retail locations it plans to shutter.
- It said it will exit last-mile logistics, close its remaining warehouses and shift delivery work to third-party providers.
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