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Peloton Layoffs

Industry Fitness · Location New York City · United States · Subscribe (RSS)

8
Layoff rounds
4,549
Employees laid off
Post-IPO
Funding stage
$1.9B
Total raised

Peloton has 8 publicly reported layoff rounds on record between February 8, 2022 and January 30, 2026. A total of about 4,549 employees were affected across these rounds.

Layoff history

January 30, 2026
Peloton cut 11% of its workforce
11% of workforce Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in January 30, 2026.

Source: reuters.com

August 7, 2025
Peloton cut 6% of its workforce
6% of workforce Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in August 7, 2025.

Source: reuters.com

May 2, 2024
Peloton cut 400 employees (15% of staff)
400 laid off 15% of workforce Location New York City

Peloton announced it would lay off approximately 400 employees, 15% of its workforce, on May 2, 2024, the same day CEO Barry McCarthy announced his resignation. McCarthy, brought out of retirement in early 2022 to revive the struggling fitness company, said the cuts were necessary because Peloton could not achieve sustainable free cash flow with its existing cost structure. The goal was to reduce annual expenses by more than $200 million by the end of fiscal 2025. Board chair Karen Boone and director Chris Bruzzo were named interim co-CEOs while a permanent replacement is sought. The announcement came ahead of a Q3 2024 earnings report that showed worse-than-expected revenue, mounting losses, and a 21% year-over-year drop in paid app subscriptions. Peloton's market cap, once near $50 billion at its pandemic peak, had fallen to roughly $1 billion. The company also said it would cut retail showroom locations and pull back on international expansion.

Reason: cost reduction to achieve free cash flow; CEO departure

Source: cnbc.com

July 13, 2023
Peloton cut 11 employees
11 laid off Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in July 13, 2023. Approximately 11 roles were eliminated.

Source: dol.ny.gov

October 6, 2022
Peloton cut 500 employees (12% of staff)
500 laid off 12% of workforce Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in October 6, 2022. Approximately 500 roles were eliminated.

Source: wsj.com

August 12, 2022
Peloton cut 784 employees (13% of staff)
784 laid off 13% of workforce Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in August 12, 2022. Approximately 784 roles were eliminated.

Source: cnbc.com

February 8, 2022
Peloton cut 2,800 employees (20% of staff)
2,800 laid off 20% of workforce Location New York City

Peloton disclosed a workforce reduction affecting its New York City operations in February 8, 2022. Approximately 2,800 roles were eliminated.

Source: techcrunch.com

February 8, 2022WARN notice
Peloton cut 54 employees
54 laid off Location Portland, OR Effective February 8, 2022

Peloton disclosed a workforce reduction affecting its Portland, OR operations in February 8, 2022. Approximately 54 roles were eliminated.

Reason: Permanent closure

Data for Peloton is compiled from public WARN Act filings and reporting linked above. See our methodology.