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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

#211

Post by CountDrewku »

AlwaysRock wrote: post #156
CountDrewku wrote: post #48

Earlier quoted context omitted.

No, it's ridiculously overpriced for the equipment and content. Buy a real bike and go outside. It's way more interesting and better for you. If you HAVE to stay inside for bad weather or something get a trainer for that bike. There are several youtube channels/patreon channels that film their mountain-biking/road biking and you can put those on and feel like you're riding along if you need that aspect. I feel like t…

Interesting take but while there is some argument to be made for being outside... Cycling outside is not always better for you. Many people live in urban areas where cycling outside is dangerous and objectively worse for you due to fumes from cars. I've lived in rural areas where biking outside was great and in cities where biking was prioritized but I've also lived in many places where biking outside put myself at a…

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

#212

Post by KingOfCoders »

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.

As a CTO coach I use Meets, Zoom and MS Teams.

MS Teams is the worst of the bunch by far, mainly because it's not a video conferencing tool but wants to be everything. So it's hard to just schedule a call with someone in another organisation. Works fine with Zoom and Meets, doesn't work with Teams (also the HTML link in invites does not work in my calendar solution, why not just have a simple text link?)

Zoom is the easiest and has the best video and sound quality and is my prefered tool (also support raw audio which is excellent when working with my speech coach).

(I invest in my setup, Sony ZV1/Elgato HDMI, Bose QC, Rode Podcaster, 500mbit fiber and I don't like it when the software tool reduces this to 90s video internet for no reason).

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

#213

Post by Aloha »

teh_klev wrote: post #18
trimbo wrote: post #10

Earlier quoted context omitted.

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.

I think you're interpreting that 20% from the article incorrectly. It actually says: "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 https://en.wikipedia.org/wiki/Peloton_Interactive

So they're cutting 60% of their workforce give or take - from 3600 people or so down to 835.

I have to wonder what on earth those other 2800 people were doing?

I would expect a company like Peloton to have a workforce of around 700-1200 people, just based on the market they're in.

20% of that in Manufacturing, Manufacturing Engineering, and Logistics 40% of that in Operations (web, sales, marketing, productions, IT, etc) 15% of that in finance and accounting cost centers 25% of that in management, supervision, product management, general executives.

I guess if they had showrooms or retail operations that number might make more sense, that could add an additional 20-150 people per store (retail is headcount expensive - and how expensive varies based on square footage and desired customer experience).

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

#214

Post by lelandfe »

whymauri wrote: post #202
dijit wrote: post #187

Earlier quoted context omitted.

> [..] and MS Teams are pretty good [..] I will never work for any company that uses Teams as their internal communication tool again. I'm done talking about "admins who set up groups wrong", or indicators that I'm holding it wrong... I feel very strongly that Teams is a consequence of a company that doesn't care what it inflicts on workers, regardless of price. The way teams shoves itself down my throat (we do not u…

I will also never work at a company that uses Teams as its primary form of communication. The whole ecosystem, along with SharePoint, is absolutely broken, end-to-end. Perhaps the worst user-facing software I've had the displeasure of using on a daily basis. I'm not kidding when I say that it a played a factor in me quitting. Not a single time did we have a meeting on Teams that worked properly. Not once.

That’s a pretty crazy statement - I was typically on 4-5 meetings a day on Teams and it generally was pretty smooth for everyone. Including all hands with a lot of folks on. I thought their meeting software was easily the best part of an otherwise rickety app.

Guess that’s not everyone’s experience?

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

#216

Post by alfalfasprout »

blululu wrote: post #130
davidw wrote: post #115

Earlier quoted context omitted.

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.

The video quality is terrible. And many of us have symmetric gigabit internet so it's not like it's our connection. Zoom is actually crystal clear in most cases.

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

#217

Post by hectormalot »

whymauri wrote: post #202
dijit wrote: post #187

Earlier quoted context omitted.

> [..] and MS Teams are pretty good [..] I will never work for any company that uses Teams as their internal communication tool again. I'm done talking about "admins who set up groups wrong", or indicators that I'm holding it wrong... I feel very strongly that Teams is a consequence of a company that doesn't care what it inflicts on workers, regardless of price. The way teams shoves itself down my throat (we do not u…

I will also never work at a company that uses Teams as its primary form of communication. The whole ecosystem, along with SharePoint, is absolutely broken, end-to-end. Perhaps the worst user-facing software I've had the displeasure of using on a daily basis. I'm not kidding when I say that it a played a factor in me quitting. Not a single time did we have a meeting on Teams that worked properly. Not once.

We moved from IBM Connections and WebEx to Sharepoint and Teams. I still think Teams is terrible software[1] but I’ve learned there’s definitely worse software out there.

[1]: the 100% CPU, the fan noise in the background of many peoples calls, the 500-2500ms lag between clicks and a screen update, the UX disaster of teams vs chats vs private channels, etc.

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

#218

Post by LAC-Tech »

davidhyde wrote: post #81
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.

Low friction web rtc based tools like streamyard and jitsi meet will probably become more popular than “native” apps like zoom and teams which tend to get slower and just generally worse as they are updated especially with large corporates driving the feature bloat.

I found jitsi to be nigh unusable.

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

#219

Post by simon1ltd »

KingOfCoders wrote: post #212
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.

As a CTO coach I use Meets, Zoom and MS Teams. MS Teams is the worst of the bunch by far, mainly because it's not a video conferencing tool but wants to be everything. So it's hard to just schedule a call with someone in another organisation. Works fine with Zoom and Meets, doesn't work with Teams (also the HTML link in invites does not work in my calendar solution, why not just have a simple text link?) Zoom is the…

That's also been my experience. Teams is absolutely awful. It looks like it's a sharepoint messaging client (you can store files in it, make group pages), which is.. insane.

I dread seeing a Teams meeting put together, because almost always, at least 1/2 of the people on it will struggle with sound, video, random crashes, and inability to share.

Zoom, for the same people, on the same equipment, doesn't have any issues. It's night and day.

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