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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

#121

Post by time_to_smile »

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.

Zoom is probably here to stay but won't achieve dominance as the standard for video meetings the way I think investors speculated early pandemic.

Pre-pandemic almost no remote companies that I knew used Zoom. It was almost exclusively google meet with a few use of other, lesser well known services. Zoom did some great early pandemic marketing and was able to quickly capture market share, especially in the "meeting with a 1000 attendees") type calls. I've known plenty of teams that switched of zoom into other platforms relatively quickly. I suspect that zoom will replace Oracle's webex and similar products for "business meetings" but will not achieve dominance in day to day meeting space.

People already have solutions for the majority of their video chat needs:

- small office meetings: Google meet/slack video - family calls: FaceTime (or equivalent) - socialization: Discord

I suspect Discord will grow a bit as younger people enter the work force. Since they've optimized around gaming/livestreaming their screen sharing video is remarkably more crisp than either Google or Zoom.

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

#123

Post by dymk »

dehrmann wrote: post #107
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.

Still cheaper than a Soul Cycle class.

Isn't that in-person and doesn't require you to purchase an actual stationary bike?

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

#124

Post by laluser »

sAbakumoff wrote: post #84

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 need folks across a tall vertical in order to scale to the number of people that they have so quickly: hardware, software, logistics, brick and mortar stores, marketing, tons of content, etc. Easy to see how they can quickly balloon as demand outpaced their supply during covid.

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

#125

Post by muh_gradle »

tannedNerd wrote: post #103
muh_gradle wrote: post #19

Earlier quoted context omitted.

I'm pretty well versed in the fitness industry. Peloton, SoulCycle, Mirror value proposition never made any sense to me. With people going back to the office and gyms opening up again, people will want their normal fitness classes, gyms instead. EDIT: apparently some of you disagree. Change my mind.

Perhaps don’t be so confrontational when people disagree you and you wouldn’t be getting as many downvotes? But it would be easy to see peloton fitting in with gym classes for people that like to work out everyday but adding 1hr around a gym class to travel and get ready on days that time may not be available

The downvotes were before the edit.

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

#126

Post by thebigman433 »

2OEH8eoCRo0 wrote: post #106
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.

I don't see it as rent seeking since there are production costs to these classes but $40 is way too high. $2 is more like it.

2$/month would pay for nothing essentially. You get unlimited classes for the 40$/month, which is cheaper than going to most fitness classes more than a few times.

Even in the middle of my small town, drop in classes at the gym at 8$ each, on top of your monthly membership.

Fwiw I dont own a Peloton, I prefer running, I just dont think its nearly as bad of a deal as people make it out to be

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

#127

Post by stinkytaco »

devoutsalsa wrote: post #75
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.

I can see the appeal, but I don't think that really saves Peloton. It's an easily replicatable feature -- you could imagine NordicTrak doing it with a different set of sexy people -- and its a feature that many of us lived without pre-pandemic by going to the gym and looking at real life sexy (and unsexy) people. Additionally, it continues to be a niche market, even among fitness enthusiasts. Tablets allow us access to whatever we want to watch.

This isn't to say Peloton is bad or people will not keep using it, just that there was almost sure to be a reset as we all reset and at least partially revert.

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

#129

Post by mdoms »

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.

Remote is here to stay. We'll see about Zoom, but I have doubts. They're up against the titans.

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

#130

Post by blululu »

davidw wrote: post #115
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.

IDK, with Google seemingly doing their best to wreck their own video stuff, I think we're stuck with Zoom.

Not sure what you’re talking about. My work has been using Google meets and I would strongly disagree here. Google hangouts has been relatively fast (by Google standards) at adapting to the market needs and improving its features. It also runs in the browser which is a lot nicer than zoom’s dark patterns to install dubious executables or deal with a crappy webrtc interface.
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