In-house manufacturing not right for at-home workouts
Since then, Peloton has cut some 2,800 jobs and McCarthy has. Generally, these mean putting more resources behind its software and marketing the Peloton app more independently, instead of focusing on the hardware-plus-subscriptions model.
Peloton previously acquired Taiwan-based Tonic Fitness Technology in 2019 to build some of its treadmills and bikes, but also worked with Rexon for many years. Peloton alsoOperations at Peloton’s Tonic facility are now suspended “through the remainder of 2022,” and the company’s chief supply chain officer Andrew Rendich“We are going back to nothing but partnered manufacturing... It allows us to ramp up and ramp down based on capacity and demand.
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