Peloton Trims Workforce by 11% Amid Cost-Cutting Measures

Peloton Cuts Workforce by 11% in Fresh Round of Layoffs

As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the majority of the layoffs. On January 30, Peter Stern, Peloton's CEO since 2025, informed staff members of the layoffs. The impacted engineers worked on projects and technology for business clients. Notably, Peloton's new artificial intelligence-powered bikes and treadmills had poor sale…

Peloton Layoffs 2026: 11% Workforce Cut as AI Bike Sales Stumble Ahead of Earnings - Business League

It’s Saturday morning, January 31, 2026, and if you’ve been tracking Peloton’s attempt at a high-tech comeback, the gears just hit a major snag. Yesterday, CEO Peter Stern pulled the plug on 11% of the company’s workforce, specifically targeting the engineering teams that were supposed to be building its future. The thing is, this isn’t just a “trimming of the fat”—it’s a sign that the big bet on AI-powered fitness might be stalling out. Or noth…

Peloton trims workforce by 11% amid cost-cutting measures

Peloton Interactive Inc., a fitness technology firm, has cut 11% of its workforce in a bid to reduce costs