So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
Seemed pretty clear - EVs are a much more complicated business than exercise bikes with screens. If they had a staff of 10,000 that seems way, way too big.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
An Electric Vehicle is orders of magnitude more complex to engineer and manufacture and certify. Hence the need for more employees. I could’ve used other industry examples but hopefully you get the point. It seems Peleton would need only a couple thousand at most. Even if they were planning more exercise machines.
That's not a connection. That's, at best, a bad comparison.
It’s not a connection, it’s an example, and an apt one. EVs are higher tech than exercise bikes for a hundred reasons. If they had 10,000 employees then management did a poor job managing their growth and costs.
Looking at the technical side of it alone is short sighted.
Sure, Peloton makes bikes and treadmills with large Android based tablets attached to them, an App and the infrastructure to deliver their classes both pre-recorded and live. That doesn't require the level of technical or engineering expertise as an EV. But that isn't all they have to account for when it comes to headcount. Their products are sold in five countries. They offer customer support (both sales and product) via phone, chat and email. They have 150 "showrooms" around the world that essentially amount to running an internal retail presence. They have a global supply chain to manage.
With Apple the majority of the headcount isn't in development its in retail and customer support. I'd imagine the same for Peloton. Do I know what the right headcount is? Nope, but I know just plucking some random thing comparison, like EV start up, isn't apt.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
Seemed pretty clear - EVs are a much more complicated business than exercise bikes with screens. If they had a staff of 10,000 that seems way, way too big.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
An Electric Vehicle is orders of magnitude more complex to engineer and manufacture and certify. Hence the need for more employees. I could’ve used other industry examples but hopefully you get the point. It seems Peleton would need only a couple thousand at most. Even if they were planning more exercise machines.
That's not a connection. That's, at best, a bad comparison.
It’s not a connection, it’s an example, and an apt one. EVs are higher tech than exercise bikes for a hundred reasons. If they had 10,000 employees then management did a poor job managing their growth and costs.
A startup is always small. Peloton is not a strap and well established over a decade with offices around the world and trying to grow into different areas. It's foolish to think it should be smaller than a startup.
You’re completely missing the point. But keep digging your hole. They’re bloated, and even after cutting 20% they’ll still be bloated.
Lots of companies are bloated. We know this. You did better with this last comment where you said it 2 words rather than your lazy comparison. My advice is that you try harder next time.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
Seemed pretty clear - EVs are a much more complicated business than exercise bikes with screens. If they had a staff of 10,000 that seems way, way too big.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
An Electric Vehicle is orders of magnitude more complex to engineer and manufacture and certify. Hence the need for more employees. I could’ve used other industry examples but hopefully you get the point. It seems Peleton would need only a couple thousand at most. Even if they were planning more exercise machines.
That's not a connection. That's, at best, a bad comparison.
It’s not a connection, it’s an example, and an apt one. EVs are higher tech than exercise bikes for a hundred reasons. If they had 10,000 employees then management did a poor job managing their growth and costs.
I’ll agree with you SD, I work for one of their lesser competitors and I don’t think we even have 1000 employees including instructors. Not sure why they would have had so many people on board.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
Seemed pretty clear - EVs are a much more complicated business than exercise bikes with screens. If they had a staff of 10,000 that seems way, way too big.
So prior to the cuts Peleton has over 10,000 employees? If that’s the case they’re beyond bloated. There are successful EV startups that have fewer employees than that. This is just a dumb bike with some app and personal trainers, not exactly rocket science.
Even if the article means to say 2800 remain that’s still a ton of overhead, for what??
Not seeing the connection between Peloton and EV startups.
An Electric Vehicle is orders of magnitude more complex to engineer and manufacture and certify. Hence the need for more employees. I could’ve used other industry examples but hopefully you get the point. It seems Peleton would need only a couple thousand at most. Even if they were planning more exercise machines.
That's not a connection. That's, at best, a bad comparison.
It’s not a connection, it’s an example, and an apt one. EVs are higher tech than exercise bikes for a hundred reasons. If they had 10,000 employees then management did a poor job managing their growth and costs.
A startup is always small. Peloton is not a strap and well established over a decade with offices around the world and trying to grow into different areas. It's foolish to think it should be smaller than a startup.
Whatever. They tanked. Successive dire profit warnings and now they’ve sacked the CEO and nearly three thousand staff and have no credible growth plan.
“Offices around the world” is part of the problem here, not a strength.
Comments
Sure, Peloton makes bikes and treadmills with large Android based tablets attached to them, an App and the infrastructure to deliver their classes both pre-recorded and live. That doesn't require the level of technical or engineering expertise as an EV. But that isn't all they have to account for when it comes to headcount. Their products are sold in five countries. They offer customer support (both sales and product) via phone, chat and email. They have 150 "showrooms" around the world that essentially amount to running an internal retail presence. They have a global supply chain to manage.
With Apple the majority of the headcount isn't in development its in retail and customer support. I'd imagine the same for Peloton. Do I know what the right headcount is? Nope, but I know just plucking some random thing comparison, like EV start up, isn't apt.