PTON CEO John Foley denied media reports that the company was suspending production of its connected fitness equipment, in a letter posted on Peloton’s web site that said, “The information the media has obtained is incomplete, out of context, and not reflective of Peloton’s strategy.” It also averred that the employee who leaked the confidential internal information has been identified and legal action would be forthcoming. Foley conceded, however, that layoffs were being considered along with all other options, although they “would be the absolute last lever we would ever hope to pull.” After a week of bad news, PTON ... Log in to view full article.