As Peloton fires over 2,800 employees, it’s giving them a free 1-year subscription on the way out

Peloton ad woman

An actor in an infamous Peloton advertisement.Peloton

  • Peloton is firing over 2,800 employees — about 20% of its corporate staff.

  • The severance package for those fired employees includes a one-year Peloton membership.

  • CEO John Foley is also stepping down after a challenging quarter and slowing demand for the product.

Peloton is firing over 2,800 employees — 20% of its corporate workforce — because of an ongoing downturn in the company’s business.

As part of the severance plan for the over…


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