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flag Peloton cut 11% of staff, mainly tech and enterprise engineers, to save $100M yearly amid declining sales and stock drop.

flag Peloton has laid off 11% of its workforce, primarily technology and enterprise engineers, as part of ongoing cost-cutting under new CEO Peter Stern. flag The move, aimed at streamlining operations and saving at least $100 million annually, follows a previous 6% reduction and comes amid declining sales and a nearly 30% drop in stock value since 2025. flag The company has raised prices and launched AI-powered fitness equipment, but early sales have been weak. flag The layoffs precede its upcoming quarterly earnings report.

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