Companies like this confuse me. They are cutting 2800 jobs, or 20%, which means they employ 14000. What do 14000 people do at a stationary bike company? (I know they also make possibly dangerous treadmills, etc).<p>I misread the headline at first, and thought the total employed was 2800, and they are cutting 20% of that, and I thought 2800 sounded on the high end but reasonable.
20% workforce reduction plus the CEO being replaced and winding down their newly planned US plant, they must be really concerned about their fundamentals and market demand. Bringing in a CFO is interesting; I wonder if the focus really will be on a quick acquisition rather than reshaping the business
I want a peloton but every time I get close to buying one I get this fear about them going under or changing their business model and me just having a stationary dumb bike at the end of it all.