Peloton lays off 11 percent of its staff just a few months after launching its AI hardware

Peloton said connected Friday that it's cutting astir 11 percent of its staff, mostly impacting "engineers moving connected exertion and enterprise-related efforts," reports Bloomberg.

Last August, Peloton laid disconnected six percent of its workforce and told investors it would proceed layoffs globally successful 2026, successful an effort to chopped astatine slightest $100 cardinal of yearly spending by the extremity of the fiscal year.

Peloton's latest strategy displacement to reverse the effect of its pandemic-era roar stalling retired has besides brought new hardware with Peloton IQ AI features. The Cross Training Series that debuted past October includes a caller Bike, Bike Plus, Tread, Tread Plus, …

Read the afloat communicative astatine The Verge.