Photo: Peloton

    The troubled sporting goods specialist Peloton is not progressing as hoped with its restructuring and is cutting hundreds of other jobs. If there is no turnaround in the next six months, Peloton will probably not be able to continue as an independent company, CEO Barry McCarthy, who has been in office since February, said "Wall Street Journal" (Thursday).

    In order to get the loss-making company back on track, McCarthy told workers that another 500 jobs would need to be cut, the report said. After that, the company will only have around 3,800 employees worldwide. Last year there were at times twice as many. Peloton had experienced a boom at the beginning of the pandemic, but then got into a serious crisis. (dpa)

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