“This reduction in force is expected to be permanent and will affect 50 employees of Peloton in this location,” Eaton said, referring to the company’s offices at 6262 Executive Blvd. in Huber Heights. The letter was dated Tuesday.
Affected are: warehouse associates, field specialists, technicians, field operations coordinator specialists, managers and other employees.
Peloton said Tuesday it will lay off 2,800 workers and replace company co-founder and Chief Executive John Foley.
The company also said it will pull back on its Buckeye State factory, a $400 million investment that was expected to bring more than 2,000 jobs to Northwest Ohio.
Peloton faces significant headwinds, slumping sales and the reported loss of $439 million last quarter. Peloton decided last month that it would temporarily halt production of bikes and treadmills to cut costs, according to documents obtained by CNBC.
Peloton estimated that canceling plans for its Wood County plant will result in $60 million in restructuring capital expenditures, the Fremont News Messenger newspaper reported.
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