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Peloton replaces CEO and lays off 2,800 people

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

#91

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.

Well I initially thought they were premium 'white gloves' as compared to run of the mill bike/treadmill assembling white gloves.

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

#92

Laying off 2800(!!!) people sounds like they have too many people around. What are these people working on? I mean, Peloton just offers a couple of devices, and the content does not seem to be too advanced. Do you really need 2800+ people to do all of that?

Not everyone works in software. Movers, installers, retail workers, etc.

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

#93
post #51

Earlier quoted context omitted.

My partner might as well have joined a cult with how obsessed she is with not just the peloton but the culture of the peloton class. That being said, she argues she’s never felt healthier in her entire life and so I can’t complain if she’s happy!

I've heard the same thing about "Peloton Culture" elsewhere, but not a good explanation of what that culture is. Can a HN Peloton user elaborate?

The peloton subreddit is a good place to start. It’s easier to see it in the posts than explain it.

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

#95
post #72

Earlier quoted context omitted.

>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?

>Is it a US thing?

Must be. It's become pretty standard across companies I've dealt with. Maybe a 9/10 split with MS/Google.

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

#97
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.

I also prefer google meets, specifically because its live transcription imo beats out zoom's. This is useful/important for people that can have disabilities which involve speech processing. (eg. I know of people with ADHD or autism who would need to request something be repeated simply because the brain didn't process the sounds as speech the first time or something similar, when this isn't a problem when reading tex…

Interesting. I wonder if this is a problem for some people in-person, as well, or if the video specifically causes the speech to not get processed right the first time around.

If it's a problem in both environments I could see remote work with closed captioning being a big benefit for people with certain types of neurodivergence.

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

#98
post #72

Earlier quoted context omitted.

>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?

Same. One place that was otherwise quite lenient and tended to let people use whatever (allowed both Teams and Slack) explicitly barred Zoom completely, considering it a security risk.

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

#99
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.

I got a spin bike that came with spot for an iPad or comparable device, and paid $10/month for a peloton digital subscription. Sure I don't get to be on the leaderboard, but I'm saving $30/month and my bike was $900 instead of ~$2000. My partner's work subsidizes the peloton subscription now though which is obviously even nicer.

Bike would've been cheaper if I had bought before the pandemic but home gym prices went up, unsurprisingly

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

#100

Laying off 2800(!!!) people sounds like they have too many people around. What are these people working on? I mean, Peloton just offers a couple of devices, and the content does not seem to be too advanced. Do you really need 2800+ people to do all of that?

They were given money to expand their service offerings and hopefully make even more money. That means hiring more workers than needed to keep the lights on for their current services. This is just the market realizing the CEO got lucky with the first product and is unlikely to repeat it.
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