Peloton’s CEO doesn’t understand why people aren’t happier he laid off 500 people
UPDATE – Sent 12:55PM ET; Thursday, October 6 RE: A Difficult, But Critical Pivot to Growth Team, I’m sure you all have seen or heard about today’s Wall Street Journal story. We were expecting a story about redemption and the successful turnaround of Peloton, which is why we invested time on background briefing them on the state of our turnaround. The headline should have been that recent strong execution and today’s restructuring have positioned us to meet our fiscal year-end goal of break-even cash flow, with a renewed…