Peloton fired 2,800 employees and gave them free Peloton memberships
Peloton laid off 2,800 people on February 8th. | Photo by Joe Raedle / Getty Images As Peloton announced it was firing 2,800 people Tuesday morning, its outgoing CEO outlined in a memo the meaningful" severance package those who are losing their jobs will receive, and great news: it includes a complimentary Peloton membership for the next year. Because really, getting a shoutout from an instructor or showing up on the leaderboard during that brutal HIIT class provided by your former employer is sure to take the sting out of losing your job.
The memo from John Foley (who is losing the CEO job but will stay on as executive chairman) said Peloton saw unprecedented demand" during the pandemic, but the company's post-COVID demand picture looks different than anticipated," so it is slashing thousands of jobs (which r...