Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Peloton replaces CEO and lays off 2,800 people

cbc.ca

Post reply on HN
Print view View original

71–80 of 353 posts

Re: Peloton replaces CEO and lays off 2,800 people

#71

Post by nine_k »

JumpCrisscross wrote: post #39
muh_gradle wrote: post #28

Earlier quoted context omitted.

Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward. There's too many advantages for both labor and businesses to keep remote work alive.

> Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward. I'm with you on the second statement. I don't see the first immutably flowing from it. Zoom is dominant, but switching costs are small and their competitors are well capitalized and eagerly assaulting its fortress. Add to that their geopolitical vulnerability and their lo…

Zoom is here to stay ≠ Zoom is poised to remain the leader indefinitely.

But I don't see why Zoom would lose so much market share or revenue streams as to disappear or become a marginal player. Something extraordinary should happen for it to cease to be here to stay.

Re: Peloton replaces CEO and lays off 2,800 people

#72

Post by llampx »

ramesh31 wrote: post #67
llampx wrote: post #50

Earlier quoted context omitted.

Is Zoom here to stay or is video conferencing here to stay? Google Meets and MS Teams are pretty good and built into their respective Office suite products.

>Is Zoom here to stay or is video conferencing here to stay? I think Zoom is here to stay at the enterprise level. Video conferencing was always a niche product until the pandemic. It was a big business, but never quite large enough to experience network effects. Now that it's a mainstream part of most people's lives, that has all changed. Zoom was in the right place at the right time to capture that, and it's going…

In Europe I haven't come across a business using Zoom instead of Google Meets or MS Teams, or even gathertown as someone else mentioned. Mostly because they already have licenses for Office or G-Suite. Is it a US thing?

Re: Peloton replaces CEO and lays off 2,800 people

#73

Post by somethoughts »

muh_gradle wrote: post #28
no_wizard wrote: post #13

I think we’re starting to see a bit of “post pandemic” economic factors and that explains some of the shake up on Wall Street as of late. I always felt this about Peloton more than anything though, that it was not going to be able to sustain growth numbers as the pandemic when either of these came to pass: 1) ended officially 2) waned on to the point that it became "normalized" in how to handle day to day activities…

Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward. There's too many advantages for both labor and businesses to keep remote work alive.

It will survive for sure - the question is if it will be an independent entity. My personal prediction is that Zoom - like Slack - will be acquired by Salesforce if Zoom's stock price normalizes. In both cases, benefit of doing the IPO is that it enabled the founders to cash out at market prices.

Eric Yuan at Dreamforce - https://www.youtube.com/watch?v=h7DmHSxsYoI&

There's another video of Eric and Benioff having a chat at Dreamforce.

Re: Peloton replaces CEO and lays off 2,800 people

#74

Post by saran2win »

The $40 subscription is the killer not enabling them to expand to mass market beyond the cult following. Not everyone needs a spin-class type contents and some just want to stream Netflix / HBO or just hear some good beats.

If they need to expand their market beyond cult following, then they need to sell no-subscription options and focus on making the margin when selling the equipment.

Re: Peloton replaces CEO and lays off 2,800 people

#75

Post by devoutsalsa »

no_wizard wrote: post #13

I think we’re starting to see a bit of “post pandemic” economic factors and that explains some of the shake up on Wall Street as of late. I always felt this about Peloton more than anything though, that it was not going to be able to sustain growth numbers as the pandemic when either of these came to pass: 1) ended officially 2) waned on to the point that it became "normalized" in how to handle day to day activities…

I can see the appeal. Just this morning I was walking on the treadmill watching a TV screen of sexy people doing gym stuff, and that made me want to keep watching. When the TV is showing something dumb else, I get bored of that treadmill super fast.

Re: Peloton replaces CEO and lays off 2,800 people

#76

Post by xadhominemx »

ngngngng wrote: post #41
N_A_T_E wrote: post #17

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.

It's a tough sell for me. I pay $40 a month for the whole family at the local rec center with multiple pools, water slides for the kids, an indoor running track and every piece of workout equipment you could want.

Peloton sells classes, not equipment

Re: Peloton replaces CEO and lays off 2,800 people

#77

Post by inlined »

m4tthumphrey wrote: post #59
N_A_T_E wrote: post #17

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.

Peloton subscriber here. £40/month is worth it. The quality of the classes is impeccable. It's like they've been produced with TV budgets! This price does also include the digital membership which has yoga, boxing and loads of other type of workouts. The bike (Bike+) is expensive but it's a solid piece of kit and does come with a 24 inch (Android) tablet. Edit: Forgot to say, the £40/month is per bike, not per member…

It’s not even per bike, it’s per household. If you get the tread the subscription carries there too. So for $40 you get bike, bike boot camp, treadmill, outdoor running, running boot camp, HIIT, strength training, calisthenics, yoga, and meditation classes. Compare that to something like soul cycle at ~$30 per class or Orange theory at ~$200/mo/person

Re: Peloton replaces CEO and lays off 2,800 people

#78

Post by ThisIsTheWay »

thedougd wrote: post #46
chromaton wrote: post #8

I believe they had install crews to go around and set up their bikes in people's homes. This had to be a lot of employees right there.

It was outsourced to freight companies. The same companies that deliver and put together your Pottery Barn furniture. There was nothing special about their 'white glove' delivery.

That is not true in all locations. They have delivery specialist reqs open right now.

https://boards.greenhouse.io/peloton/jobs/3883515

Re: Peloton replaces CEO and lays off 2,800 people

#79

Post by muh_gradle »

llampx wrote: post #50
muh_gradle wrote: post #28

Earlier quoted context omitted.

Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward. There's too many advantages for both labor and businesses to keep remote work alive.

Is Zoom here to stay or is video conferencing here to stay? Google Meets and MS Teams are pretty good and built into their respective Office suite products.

Fair, we'll see. Zoom's screen share and participant control features are superior from what I've seen. It's also demonstrated scale with webinar and is the de facto choice there. Integration for Zoom into calendar events and just sharing abilities are pretty seamless. I don't like that I have to use a Google account to join Meet.

Re: Peloton replaces CEO and lays off 2,800 people

#80

Post by sulam »

onion2k wrote: post #14
hadrien01 wrote: post #3

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…

I mean, Fitbit had 2000 people when we sold to Google.

The Peloton stores are the wildcard factor that likely gives them a much larger number.

Post reply on HN