Peloton offers year's free membership in 2,800 staff's redundancy package amid large scale cost-cutting measures

The indoor fitness brand has suffered a massive drop in sales over the last couple of months

(Image credit: Getty)

Peloton is currently in a state of crisis, with its share price plummeting, its CEO John Foley resigning and having to make 2,800 employees - around 20 per cent of its workforce - redundant. 

In order to soften the blow for those staff members laid off, Peloton is offering a year's free membership to its classes within the redundancy package, though they will have to own a Peloton product themselves to access this offer. 

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Staff Writer

Ryan is a staff writer for Cycling Weekly, having joined the team in September 2021. He first joined Future in December 2020, working across FourFourTwo, Golf Monthly, Rugby World and Advnture's websites, before making his way to cycling. After graduating from Cardiff University with a degree in Journalism and Communications, Ryan earned a NCTJ qualification to further develop as a writer.