Peloton lays off nearly 3,000 employees but not its instructors

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Peloton lays off nearly 3,000 employees but not its instructors
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Peloton is laying off nearly 3,000 employees but its instructors — who reportedly can make more than $500,000 a year — are safe

Rich Graessle/Icon Sportswire/Getty ImagesSenior Peloton instructors are paid more than $500,000 a year, according toGet a daily selection of our top

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Peloton CEO Steps Down, Company Cuts Nearly 3,000 JobsPeloton CEO Steps Down, Company Cuts Nearly 3,000 JobsJohn Foley acknowledged that mistakes had been made at his company and that they invested too quickly.
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Peloton instructors spared from job cuts as company eliminates 2,800 global rolesPeloton instructors spared from job cuts as company eliminates 2,800 global rolesPeloton instructors are being spared from the fitness company’s job cutback and “restructuring program,” which is expected to result in around $130 million in severance payouts and other exit activities to approximately 2,800 employees around the world.
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