Wednesday, March 22, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Peloton to Slash Jobs While Rolling Out New Hotel Partnership 

in News
Peloton to slash jobs while rolling out new hotel partnership 
Share on LinkedinShare on WhatsApp

Peloton announced it will be cutting 500 jobs, around 12% of its workforce, in a move to return to growth. This follows several previous rounds of layoffs in 2022. Barry McCarthy, CEO of Peloton, stated “The restructuring is done with today’s announcement… Now we’re focused on growth.”

The firm has already introduced new strategies aimed at growth, including rentals and partnerships with Amazon and Hilton. Its shares rose from $7.48 a share on Monday to $8.66 on Thursday in response to the new strategy, although Peloton stocks have fallen by around 76% since the beginning of the year. 

Peloton also announced plans to roll out its bikes across all 5,400 Hilton-branded hotels in the U.S. in a new partnership between the two companies. At least one Peloton bike will appear in each Hilton hotel fitness centre, including in Hampton Inn, Embassy Suites, Doubletree, and other Hilton brands. In addition, Hilton Honours members will be given a 90-day free trial of the Peloton app. 

The firm is planning to equip all Hilton hotels with at least one bike by the end of the year. Peloton already has a significant presence in U.S. hotels, with the company stating that guests have completed 1.6 million Peloton rides this year to date. Betsy Webb, the global vice president of Peloton’s commercial branch, said “My first experience with Peloton was during a hotel stay while on vacation, and I was immediately hooked.” She explained the firm’s approach to its partnerships, “We love brands that prioritize their customers’ wellness and could not be more excited to bring Peloton to Hilton guests nationwide wherever they are on their fitness journey.”

Tags: CEOJobsPartnershipPeloton

Related Posts

Amazon’s zoox tests robotaxi on public road with employees as passengers
News

Amazon’s Zoox tests robotaxi on public road with employees as passengers

New york regulator orders binance stablecoin backer to stop issuing token
News

New York regulator orders Binance stablecoin backer to stop issuing token

Oil falls on demand fears as fed ‘make or break moment’ approaches
News

Oil falls on demand fears as Fed ‘make or break moment’ approaches

U. S. Consumer prices revised higher in december, november
News

U.S. consumer prices revised higher in December, November

Lyft shares sink after grim forecast shows it falling behind uber
News

Lyft shares sink after grim forecast shows it falling behind Uber

China says proposed u. S. Ban on chinese buying u. S. Property violates market rules
News

China says proposed U.S. ban on Chinese buying U.S. property violates market rules

Yahoo to lay off more than 20% of staff
News

Yahoo to lay off more than 20% of staff

Hyundai in talks with u. S. Labor department over alabama child labor
News

Hyundai in talks with U.S. Labor Department over Alabama child labor

Disney to cut 7,000 jobs in major revamp by ceo iger
News

Disney to cut 7,000 jobs in major revamp by CEO Iger

Elon musk has an active stake in twitter; started buying stock in january
News

Elon Musk to unveil Tesla’s ‘Master Plan 3’ at first investor day

No Result
View All Result

Recent Posts

  • Symbotic’s CEO Rick Cohen shines a light on the consumer goods supply revolutionSymbotic Soars
  • CEO John Wynne outlines how Fortis Solution Group is disrupting the packaging industry
  • CEO Keh-Shew Lu explains how Diodes Inc is pushing the frontiers of connectivity
  • CEO NA Andrea Pirondini explains why the Prysmian Group is best-in-class at cable solutions
  • Eric Clark on how ONE NTT is driving client-led innovation

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111