Peloton's Latest Layoff Marks Its Final Significant Move to Reduce Its Operating Footprint

Peloton announced another layoff of 500 workers. McCarthy says that the latest cuts mark Peloton's final significant move to reduce its operating footprint and now would focus on increasing revenue. Amazon, Lulu, Lemon, Nike, Apple need to be bought because at this point, most people don't think that is a standalone company that's worth even $2 billion that it is now.