Peloton Laying Off 2,800 Workers but Cushioning Blow With Complimentary Memberships

Cindy Cicchinelli uses her Peloton exercise machine in the workout room of her Pittsburgh townhouse on Aug. 8, 2021. Keith Srakocic/AP Photo

Peloton is set to lay off around 2,800 workers but is cushioning the blow with complimentary Peloton memberships for 12 months.

In announcing plans on Tuesday to cut about 2,800 jobs globally, including about 20 percent of its corporate positions, the New York-headquartered company noted that on-camera instructors and content “will not be impacted by the initiatives announced today.”