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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

#301

Post by 988747 »

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.

In addition to that some companies and institutions are banning Zoom on the grounds of it being a spyware.

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

#302

Post by missedthecue »

outworlder wrote: post #158

> Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over as CEO, the company said Tuesday. A bean counter at the helm? Ok, they are done.

They already have a great product. What they don't have is a great balance sheet and income statement. Seems like a bean counter is what they need at the moment.

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

#303

Post by missedthecue »

vandorjw wrote: post #243
curiousllama wrote: post #172

Earlier quoted context omitted.

To be fair, their failings were almost entirely a result of bad financial projections, resulting in an unstable balance sheet for an otherwise-solid business

Then why not keep the CEO, and replace the CFO? CEO needs to provide vision based on the financial projection from the CFO.

Because the buck doesn't stop at the CFO

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

#304

Post by sco1 »

999900000999 wrote: post #234
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 doesn't have massive manufacturing overhead. Peloton forgot how easily they can be replaced. You can buy a used exercise bike, and play whatever YouTube videos you need on a mounted iPad. For a while Peloton started to position itself as a tech company, competing with FAANG when it came to total comp. I've also seen an explosion in fitness tech companies. Peloton struck gold, and should've remained a much smalle…

> Peloton forgot how easily they can be replaced.

Maybe on the hardware side, but I don't know if the same can be said for their content. Having tried many, I don't know if anyone but Apple has even come close to providing the same kind of consistent value for general fitness instruction.

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

#305

Post by missedthecue »

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?

Can you believe Groupon has 4,000+ employees and Doordash has a headcount of over 6,000?

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

#306

Post by stbtrax »

CountDrewku wrote: post #48
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.

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…

I keep seeing this argument, from presumably 20-40something single men. I ride outside a lot and indoors too. 1. trainers don't work if you have 7+ bikes in a household with differing drivetrains, even the ones that attach at the wheel. 2. watching people ride and sitting on a trainer is kind of boring 3. peloton content is pretty engaging (maybe not for you) 4. the subscription cost is not an impact to finances

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

#307

Post by pc86 »

Teknoman117 wrote: post #170
pc86 wrote: post #155

Earlier quoted context omitted.

This is completely personal preference and I would never enforce it, but I hate when people dial in to a video conference or other meeting. Even when the camera is off, having 10 people on a call but 15 attendees that include a bunch of random phone numbers, combined with not having any idea who is speaking if you don't know everyone's voice by heart, makes it a very suboptimal experience. If everyone had a nice came…

I had already built a nice audio setup pre-pandemic because I play games with friends every other evening for the most part. 4K webcam (Logitech BRIO), Blue Yeti for the microphone + a pop filter and a shock mount, and my noise cancelling headphones. All together they cost a fraction of what my work laptop does. No one complains about my audio. Except when teams decides to randomly switch back to the built-in laptop…

Teams insists on defaulting to my webcam's built-in microphone even though everything else (including system settings) uses the correct mic. Only seems to be a teams issue, no idea what it is.

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

#308

Post by avs733 »

lnsru wrote: post #281
birken wrote: post #261

Earlier quoted context omitted.

Every company in history could have remained smaller and more efficient. Amazon could still be an online bookstore with higher margins than they have now. It is very normal and natural for companies take risks to grow, and sometimes those risks pay off and sometimes they don't. It is very results oriented to see what happened and then say they shouldn't have tried. Peloton is also far from insolvent. I'm not saying t…

Wrong comparison. Peloton is manufacturer of fitness gadgets with limited market size. While Amazon is a marketplace gathering fees from sellers with virtually unlimited market size. Everything with hardware is close to death with one leg in the coffin. One mismanagement in supply chain and you are gone. Look at the poor car manufacturers right now. Maybe there is exception - one phone manufacturer that is managing s…

> While Amazon is

Not a wrong comparison at all. His point is that Amazon was a place that sold books. They took risks and grew into a marketplace for selling everything. One mismanagement of their AWS development or platformization and things could be very different.

Peloton is a manufacturer of fitness gadgets AND a content provider of fitness classes. What they could grow into if they take risks is an open and interesting discussion.

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

#309

Post by pc86 »

ghaff wrote: post #238
Teknoman117 wrote: post #170

Earlier quoted context omitted.

I had already built a nice audio setup pre-pandemic because I play games with friends every other evening for the most part. 4K webcam (Logitech BRIO), Blue Yeti for the microphone + a pop filter and a shock mount, and my noise cancelling headphones. All together they cost a fraction of what my work laptop does. No one complains about my audio. Except when teams decides to randomly switch back to the built-in laptop…

I have the BRIO's predecessor, the 920 (which I think is still sold). For my purposes, it's good enough and is super easy to use. I experimented for a while using my Canon EOS but it's just so much more of a hassle that it really isn't worth it. (In part this is because it's an older model that doesn't have continuous autofocus.)

I have a 920, if I ever take a job where video-on meetings are the norm I expect to upgrade to a BRIO. It seems really nice I just don't have a use for it right now.

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

#310

Post by clpm4j »

loudtieblahblah wrote: post #259
clpm4j wrote: post #60

Earlier quoted context omitted.

Specifically for the bike, if you're a "spin class person", then you're used to spending $20-40 per class - $40 for a month of unlimited classes with the best instructors in the business seems like a steal in comparison.

Join a gym with a spin class 25-50/mo. Tops. 20-40 per class is robbery.

Right, but that just makes Peloton even more attractive because now I don't even have to go to a gym, and I can take classes anytime I want in the comfort of my own home on my own schedule.
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