The interactive fitness company, aiming to improve its overall cost structure by $100 million annually by the end of FY26, is eliminating 6% of its global workforce, relocating some offices, and reducing its indirect spending. News of the changes came as Peloton reported a $21.6 million net profit against a $30.5 million loss in the final quarter of FY25 ended June 30.

Total Q4 revenues fell by 6% to $606.9 million from $643.6 million, but the group realized a 900-basis point improvement in gross margin to 17.3% and lowered its year-over-year net ... Log in to view full article.