Peloton makes 4th round of layoffs this year

Peloton Job Cuts
(Image credit: (Photo by Jeremy Moeller/Getty Images))

More layoffs have arrived at Peloton. The popular fitness equipment company announced Thursday that it would be cutting another 500 jobs, CNBC reports.

Peloton CEO Barry McCarthy told CNBC the "restructuring" was happening as part of an initiative to position the struggling fitness equipment maker to "a sustainable level."

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