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They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number
They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number
1) ended officially
2) waned on to the point that it became "normalized" in how to handle day to day activities out
Largely, I think some things that were popular in the pandemic got outsized growth through it, may fade in popularity quickly or outright be out of business as people want to resume more normal behaviors they had pre pandemic.
I wonder how Zoom will fare. I think its more sticky than Peloton because everyone is transitioning to remote work for White Collar workers and I don't see that particular bit being given up quite so easily now, we shall see if thats the case over the coming months I think
They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number
Peleton design and manufacture their own equipment, they ship it globally, they have their own buyers and supply chains for that, They also build the tech that runs their business, from the customer portal to the video integration in the products. They make programs that include CGI and motion graphics. They do sales, and support, for nearly 6 million customers. On top of that there's payroll, and admin, and HR, and ... it's a very long list, that requires a lot of people.
We're bad at estimating large numbers so our first impression is usually wrong. It's important to factor that into any reaction to a number that sounds way too high. It's always worth taking a step back and thinking about why it might actually be correct.
They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number
All your comment really shows is how little you know about how many people it takes to run a large business, and that you don't really understand what Peleton do. Peleton design and manufacture their own equipment, they ship it globally, they have their own buyers and supply chains for that, They also build the tech that runs their business, from the customer portal to the video integration in the products. They make…
They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number
All your comment really shows is how little you know about how many people it takes to run a large business, and that you don't really understand what Peleton do. Peleton design and manufacture their own equipment, they ship it globally, they have their own buyers and supply chains for that, They also build the tech that runs their business, from the customer portal to the video integration in the products. They make…
That said, I still agree with the above post. Fitbit has 1,600 employees and actually ships globally. This was excessive.
Peloton employed 2,800 people? Doing what?
That's 20% of the workforce so they still employ over 10,000. (Edit: This is incorrect -- see reply below!) Based on a quick scan of glassdoor, I'd guess most of the people are in sales, customer support, bike repair/delivery, etc.
"cutting 2,800 jobs, including approximately 20 per cent of corporate jobs at the New York City company."
The headcount figures for January before this announcement were:
3281 - US
283 - UK and Germany
71 - Taiwan
Is it just me or is $40 a month too much for the content they provide? I would spend a couple thousand on fancy exercise equipment, or maybe get one as a gift for my parents but the required subscription gives me rent seeking vibes.
EDIT: apparently some of you disagree. Change my mind.