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Wajeeh Khan

Peloton Is Cutting Jobs. How Should You Play Beaten-Down PTON Stock Here?

Peloton (PTON) shares ended about flat on Thursday even though the connected fitness company reported a surprise profit for its Q4 and announced plans of lowering its headcount by another 6%.

According to the exercise equipment manufacturer, the latest round of layoffs will reduce run-rate expenses by another $50 million in its fiscal 2026, which started in July. 

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