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Peloton fires 2,800 employees and gave them a free Peloton subscription

Peloton Production
FILE – This Nov. 19, 2019 file photo shows the logo on a Peloton bike in San Francisco. Peloton’s shares tumbled on Thursday, Jan. 20, 2022, after a media report said the exercise and treadmill company was temporarily halting production of its connected fitness products amid waning consumer demand. (AP Photo/Jeff Chiu, File)

YIKES! Peloton fired 2,800 employees and gave them a one-year Peloton subscription for a severance.  

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