Everywhere I look there are articles about Peloton layoffs. It ranges from news to personal testimonials to speculations about the future... Any time we had layoffs, it barely made the news. And even then it was just the dry news and that's it. What's so special about Peloton that it gets all this attention? Is there any way to point some of it our way?
4 replies (most recent on top)
- - Citrix made the news (lot less than Peloton)
- - Number of people let go (Citrix < Peloton)
- - Peloton is a consumer company, everybody knows Peloton, nobody knows Citrix.
No, it's very simple. As required by law Peloton filed a WARN notice of the pending layoff. Those always make the news. That is precisely why much larger companies tend to not do such a large cut all at once, but instead spread it into 90-day waves and in a way such as to 'just' stay under the number/percentage of employees at any given location which would legally cause them to send a WARN notice.
Peloton stock was a market phenom in 2020/2021. Peloton also made some hilariously bad decisions for their recent layoffs besides the large scale: employees Slack access was cut before notifications, they invited laid off employees to the post layoff all-hands, and they gave all impacted employees free year-long subscriptions to their service as part of the severance package.
We are not the same.
They laid off 2800 people and they’re a pop culture consumer company. They also “announced” the layoffs as news.
Citrix pales in comparison and cuts people at a lesser rate and without sounding an alarm.