Who thinks the peloton layoff was recommended by consultants? I’ve done my fair share of recommending workforce reductions and site consolidations

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Lesson learned: if your company is in the news, revenue is down, and just hired McKinsey… probably should dust off the Rolodex

likefunnysmart

Putting lipstick on the pig before a sale

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It doesn’t matter who the consultant was — layoffs happen when the stock loses 80%.

likesmart

Anyone that reads the news KNOWS it was lol

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It was...do you even Google, bro?

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You can literally read the McKinsey deck recommending it

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McK did this so another McK client can pick it up maybe? So McK makes money from both sides maybe?

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I’d love for Apple’s fitness ecosystem to be better integrated with fitness equipment, but not sure they need to buy Peloton to get there. If Apple wants to build its own bike or treadmill, it can.

The pieces are already there for interoperability with other manufacturers’ equipment (GymKit), but take up seems low.

smart

https://www.blackwellscap.com/wp-content/uploads/2022/02/BW_Peloton_Presentation_Feb072022.pdf

Ouch. Side note: I once worked for BAIRD and liked it.

Genuinely curious, why did they suddenly went downhill? Maybe not sudden but prior to all this hitting the news all I knew they were was: expansive bikes….

Look at their Financials. It's not sudden.

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