Peloton Interactive layoffs, on the record
Every job cut, severance charge and restructuring Peloton Interactive reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2026 | 1,736 | As of June 30, 2026 |
Job cuts, severance and restructuring
Our summaryAnnounced the 2022 Restructuring Plan, which included reducing headcount, closing assembly and manufacturing plants, closing distribution facilities, and shifting to third-party logistics providers.
Word for word“In February 2022, as part of the 2022 Restructuring Plan, we announced the closing of several assembly and manufacturing plants, including our plans to sell the facility that was intended to be Peloton Output Park .” 10-K for 2024
Our summaryApproved the 2024 Restructuring Plan, which cut global headcount by about 15%, affecting roughly 400 team members, and continued closures of retail locations.
Word for word“The 2024 Restructuring Plan includes: (i) a reduction in global headcount by approximately 15%, which impacted roughly 400 Peloton team members; and (ii) continued closures of our retail locations.” 10-K for 2024
Our summaryRecorded total charges under the 2022 Restructuring Plan, including cash severance and other personnel costs.
Word for word“Total charges related to the 2022 Restructuring Plan were as follows: Fiscal Year Ended June 30, 2024 2023 (in millions) Cash restructuring charges: Severance and other personnel costs $ 7.5 $ 85.1 Exit and disposal costs and professional fees 16.1 19.3 Total cash charges 23.6 104.4 Non-cash charges: Asset write-downs and write-offs 31.1 139.3 Stock-based compensation expense 7.2 85.0 Write-offs of inventory related to restructuring activities 1.0 3.7 Loss on sale of subsidiary 3.8 — Total non-cash charges 43.1 228.0 Total $ 66.8 $ 332.4 Total charges related to the 2024 Restructuring Plan were as follows: Fiscal Year Ended June 30, 2024 (in millions) Cash restructuring charges: Severance and other personnel costs $ 29.0 Exit and disposal costs and professional fees 3.1 Total cash charges 32.1 Non-cash charges: Asset write-downs and write-offs 9.7 Stock-based compensation expense (0.6) Total non-cash charges 9.1 Total $ 41.1 We have made progress in achieving goals in our restructuring initiatives.” 10-K for 2024
Our summaryRecorded total charges under the 2024 Restructuring Plan, including cash severance and other personnel costs.
Word for word“Total charges related to the 2024 Restructuring Plan were as follows: Fiscal Year Ended June 30, 2024 (in millions) Cash restructuring charges: Severance and other personnel costs $ 29.0 Exit and disposal costs and professional fees 3.1 Total cash charges 32.1 Non-cash charges: Asset write-downs and write-offs 9.7 Stock-based compensation expense (0.6) Total non-cash charges 9.1 Total $ 41.1 We have made progress in achieving goals in our restructuring initiatives.” 10-K for 2024
Our summaryEstimated additional future charges for the 2024 Restructuring Plan and remaining 2022 activity, mostly lease termination and exit costs, plus non-cash asset impairments.
Word for word“In connection with the 2024 Restructuring Plan, which includes any remaining restructuring activity under the original 2022 Restructuring Plan, we estimate that we will incur additional cash charges of approximately $40.0 million, primarily composed of lease termination and other exit costs, the majority of which are expected to be incurred by the end of fiscal year 2025.” 10-K for 2024
Our summaryAnnounced a new 2025 restructuring plan that includes a reduction in global headcount.
Word for word“In connection with the 2025 Restructuring Plan, we estimate that we will incur additional cash restructuring charges of approximately $50.0 million, primarily comprised of location strategy costs, lease termination costs, and other exit costs.” 10-K for 2025
Our summaryReported restructuring expense for fiscal 2025 under the restructuring plans.
Word for word“Restructuring expense decreased $32.2 million, or 48.8% for the fiscal year ended June 30, 2025 compared to the fiscal year end” 10-K for 2025
Our summarySubstantially completed actions under the 2024 Restructuring Plan and remaining activity under the 2022 Restructuring Plan, which included headcount reductions.
Word for word“As of June 30, 2025, actions pursuant to our 2024 Restructuring Plan, which includes any remaining restructuring activity under the original 2022 Restructuring Plan, have been substantially completed.” 10-K for 2025
Our summaryReduced retail showroom presence as part of the 2024 and 2025 restructuring plans, and expects to exit additional retail locations.
Word for word“We have placed more of an emphasis on third-party retail distribution, as we have reduced our retail showroom presence as part of the 2024 and 2025 Restructuring Plans and as part of our go-to-market approach for international markets.” 10-K for 2025
Our summaryPeloton announced a restructuring plan that cut global headcount to improve its cost structure and profitability, and said the plan was substantially implemented by June 30, 2026.
Word for word“Restructuring In August 2025, we announced a restructuring plan (the “2025 Restructuring Plan”), which included a reduction in global headcount and was designed to improve our cost structure, operating efficiency, and profitability, while providing us the opportunity to return to growth by reinvesting expected savings into our differentiating capabilities.” 10-K for 2026
Our summaryRestructuring expense fell in fiscal 2026 from the prior year, mainly because severance and other personnel costs under the restructuring plans declined.
Word for word“Restructuring expense decreased $16.0 million for the fiscal year ended June 30, 2026 compared to the fiscal year ended June 30, 2025, primarily due to a decrease in severance and other personnel costs in connection with the Restructuring Plans.” 10-K for 2026
Our summaryAs part of its 2022 restructuring plan, Peloton announced closing several assembly and manufacturing plants and planned to sell the Peloton Output Park, and it completed that sale in January 2024.
Word for word“In February 2022, as part of the 2022 Restructuring Plan (as defined below), we announced the closure of several assembly and manufacturing plants, including plans to sell the Peloton Output Park .” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2020-06-30 | — | $0 | — |
| 2021-06-30 | — | $0 | — |
| 2022-06-30 | $109.1 million | $180.7 million | $113.6 million |
| 2023-06-30 | $85.1 million | $189.4 million | $101.4 million |
| 2024-06-30 | $36.5 million | $66.1 million | $52.6 million |
| 2025-06-30 | $23.4 million | $33.8 million | $25.4 million |
Peloton Interactive has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Peloton Interactive’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.