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  • Peloton to cut about 12% of workforce in a move to 'save' company

    -Peloton Interactive (PTON) plans to cut about 12% of its workforce, in its fourth round of layoffs this year, to "save" the fitness equipment maker, a memo sent to staff showed on Thursday. With the latest move to cut 500 global jobs, a bulk of the restructuring work is complete, Chief Executive Barry McCarthy said in the memo seen by Reuters.

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