Laid off from Peloton.

What Peloton layoffs have meant for employees

In the 2,800-job round, some staffers lost access to Slack and Okta the night before, and one learned his job was gone on a one-on-one video call with a department leader reading what sounded like a script, according to employees' accounts to CNN Business. Each of the workers it spoke with had joined during the pandemic, when, as one put it, Peloton was “hiring like crazy, paying well.” Peloton said it was working with the outplacement firm RiseSmart on career help, including an opt-in talent directory for former staff. Where a package is offered, you can ask whether outplacement help is part of it, and if you're still at Peloton and bracing for a cut, consider keeping your own pay stubs, offer letter and any equity statements somewhere outside company systems.

For the people who delivered and set up Peloton's equipment, the cuts came with the company getting out of that work. Its plans called for shutting and consolidating distribution facilities and later for moving all North American field operations to third-party providers, its annual report's restructuring note records, and in a separate step it announced it would hand the manufacturing of its bikes and treadmills to a Taiwanese company, AP reported. One field operations worker told the same CNN Business report his hours went from 40 to 60 a week in late 2020 and early 2021 to 10 to 20 a few months later. For the delivery teams, the outsourcing and the layoffs were one decision.

Peloton's filings show what it booked each year as severance and other personnel costs across all of its plans, not what any one person received, and by its annual report and the earlier restructuring note, those yearly totals declined from fiscal 2022 through fiscal 2026. If equity is part of your pay, it's worth reading your award agreement for what happens to unvested shares when a job ends, since employees' accounts to CNN Business put equity vesting in the 2,800-job round's package. If your All Access membership is an employee perk, you can also ask what happens to it after your last day.

Moving work has been part of Peloton's cuts since at least 2023. A July 2023 New York notice for 11 jobs at Peloton's site at 441 Ninth Avenue in Manhattan gave the reason as relocating to Plano, Texas, and the 2025 plan listed relocating some work beside reducing headcount, CFO Dive reported. In its statement on the newest cut, the company spoke to Retail Dive of “reshaping our teams and, in some cases, the locations where we work.” If you're offered a move to keep your job, you can ask for the location, the pay and the start date in writing, and how turning it down would affect any severance.

Precor's own future was in question when its plant was set to close. Peloton had bought it to add production capacity for its bikes and treadmills and later chose to grow it as a free-standing business, and around the time of the Whitsett notice McCarthy said Peloton had been exploring a sale, Manufacturing Dive reported. A spokesperson said the changes across Precor were meant to return it to growth.

AP described Peloton as a New York-based company, and the 16 Peloton and Precor filings in our WARN tracker sit in nine states, seven of them in California. If your job was in New York, California, New Jersey or North Carolina, there's more on filing a claim in that state at New York unemployment benefits, California unemployment benefits, New Jersey unemployment benefits and North Carolina unemployment benefits.

A sourced history of Peloton layoffs

• January 2026, an 11% cut in Peloton's workforce

  Most of the cut fell on engineers in technology and enterprise work, Bloomberg News reported, according to Reuters. A spokesperson's statement to Retail Dive tied the cuts to a $100 million savings plan, with severance for those affected.

• August 2025, a 6% workforce cut in a savings plan

  Peloton told shareholders, according to CFO Dive, that it would cut 6% of its workforce in a plan to reach at least $100 million in run-rate savings by the end of fiscal 2026, also paring back indirect spending and relocating some work.

• May 2024, a 15% headcount cut and fewer showrooms

  Peloton said it would cut global headcount by about 15%, roughly 400 team members, and keep shrinking its showroom footprint to lower annual run-rate expenses by more than $200 million, its May 2, 2024 release said.

• March 2023, Precor's Whitsett, North Carolina plant closing

  Precor Manufacturing, a Peloton subsidiary, began laying off 123 workers on March 9 for the planned closure of its Whitsett facility, with layoffs through October 31 and no bumping rights, according to the WARN letter Manufacturing Dive described.

• October 2022, about 500 jobs, heaviest in marketing

  The cut took about 12% of Peloton's staff, leaving nearly 4,000 employees, CNN Business reported, and the Wall Street Journal first reported that marketing was hit hardest. Peloton called it “the completion of the vast majority” of its restructuring plan.

• August 2022, 784 jobs as delivery moves to outside firms

  McCarthy's memo announced 784 job cuts, the closing of Peloton's North America distribution network and delivery's move to third-party providers, AP reported. Peloton also chose to cut many Member Support roles and leave Plano and Tempe, as its fiscal 2024 annual report records.

• February 2022, about 2,800 jobs in a restructuring

  Peloton said it was cutting 2,800 jobs, including about 20% of corporate jobs, and ending its planned Ohio factory, AP reported. The plan also called for closing distribution facilities and using third-party logistics in some places, its annual report's restructuring note shows.

What to do if you're laid off from Peloton

• File for unemployment in the state where you worked. Benefits run from your filing date, and severance usually doesn't block you. Peloton's biggest hubs: New York, California, New Jersey, North Carolina. Somewhere else? Every state is here.
• Apply for financial and hardship assistance. Unemployment supplements income, but food benefits, health coverage and utility help are often available as well. Here's some of what Peloton's hub states run: New York, California, New Jersey, North Carolina, and every other state is here.
• Mind the health insurance window. Losing coverage opens a 60-day special enrollment period, and an ACA plan usually beats unsubsidized COBRA. Compare your options before the employer coverage lapses, and read how the COBRA clocks run if you are weighing it seriously.
• Get your real runway number. Severance plus savings divided by reality. The calculator takes five minutes.
• Know which clocks are already running. Severance review windows, COBRA election, visa grace periods, and 401(k) rollovers all run on federal deadlines that started at termination. All five deadlines are here.