Talent-hungry recruiters are already trying to scoop up some of Peloton's 2,800 fired employees, and some people have started spreadsheets to track the losses
Advertisement
Sarah Jackson,Ellen Thomas
Feb 8, 2022, 23:36 IST
John Smith/VIEWpress
Peloton is slashing roughly 2,800 jobs amid falling demand for connected fitness.
The cuts are part of cost-cutting measures expected to save the company $800 million a year.
Advertisement
Peloton announced Tuesday it is letting go of one-fifth of its corporate workforce. The company said it is cutting 2,800 jobs as one of several cost-cutting measures aimed at delivering the company $800 million in savings per year amid plummeting demand for connected fitness.
Here's a look at some of the messages, as posted on LinkedIn:
A Spotify recruiter said "my heart is broken today for you guys" and asked Peloton employees to send over their resumes and reach out for letters of recommendation, referrals, or "simply to vent."
A technical program manager at Meta said for Peloton employees to be in touch if they wanted referrals.
An executive recruiting coordinator at Amazon offered to be "here for a referral, advice, or to vent."
A consultant offered to give recommendations and put in a good word at Deloitte Consulting for affected Peloton staff.
Peloton's social media director said of the laid-off staff, "I know every single one of them have many more masterworks in them, and you should get to be a part of what they do next." She made a spreadsheet where the company's newly laid off staff can say if they're open to work, and companies currently hiring can post relevant job openings. Open roles on this spreadsheet are from companies like Google, Snap, Adobe, and Spotify.
A former Peloton employee started a similar spreadsheet, which currently includes open roles from companies like Uber, Warby Parker, and Peloton rival Mirror.
Are you a customer or employee of Peloton? Get in touch with these reporters via email or via Signal at 1-347-829-5826 using a non-work device.
{{}}
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.
Peloton is scrapping plans to build its own factory
Peloton CEO John Foley is stepping down and the company plans to cut about 2,800 jobs
Peloton's CEO is stepping down, adding to mounting evidence that the company is looking to sell. Despite the upsides for a company like Nike, analysts say buying Peloton is still a bad idea.