Peloton, the struggling New York-based fitness tech company, announced today that it plans to cut roughly six percent of its workforce in an effort to save costs and turn the company around. Additionally, the company’s new CEO, Peter Stern, told investors that the company would be expanding beyond its cardio roots and into the general health and wellness space.
“This is not a decision we came to lightly, as it impacts many talented team members, but we believe it is necessary for the long-term health of our business,” wrote Stern in a letter to shareholders published along with the company’s most recent quarterly earnings report.
As of last summer, Peloton had about 2,300 employees, so these latest cuts could affect about 140 workers. The company previously laid off 15% of its workforce in May 2024 when it got rid of its previous CEO.
Despite swinging a profit in the most recent quarter, Peloton reported that its sales dropped 6% and are expected to fall even further this year.
Peloton launched in 2012 as a premium fitness brand, offering pricey exercise bikes, treadmills, and rowing machines with built-in screens that stream live and on-demand workout classes. The company really hit its stride during the covid-19 pandemic, when gyms were closed and people were scrambling for ways to stay active at home.
Unfortunately, that wave didn’t last. As life returned to normal after the pandemic, so did people’s workout routines outside the home. The company’s stock has dropped 95% from its early 2021 peak of nearly $170 a share to around $7 today.
Stern joined the company earlier this year after stints leading services teams at Ford and Apple. Today, he told investors that he sees the company moving beyond just cardio exercise.
“In our next chapter, we will build upon our leadership in cardio to support our Members’ entire wellness journey, accelerating our progress in strength and mobility and exploring new frontiers in mental wellbeing, sleep and recovery, nutrition and hydration,” Stern wrote in the letter.
Stern told investors on a call Wednesday that this could include more personalized training programs, new meditation and sleep features, and potentially content focused on nutrition.
He also added that AI could play a role in the company’s comeback.
Stern said that the company could leverage AI by linking its platform with users’ personal health tracking devices to offer more personalized insights, action plans, and recommendations.
Last week, Peloton also expanded one of Stern’s other initiatives — a new marketplace for users to resell their exercise equipment.
At the Bloomberg Tech conference in June, Stern said the new marketplace is a key part of Peloton’s turnaround strategy. He said the secondhand market was one of the most effective ways for the company to bring in new members.
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![New ‘Gundam Wing’ ‘Visual Project’ in the Works
By the time Cartoon Network syndicated the 1995 anime series Mobile Suit Gundam Wing in the United States in the summer of 2000, the Gundam franchise was already hugely popular in Japan. Mobile Suit Gundam Wing, however, was a watershed moment for the franchise in the West, introducing an entire generation of anime fans to Gundam specifically but also the mecha anime genre in general. It’s understandably something of a big deal to a lot of Western anime fans. But despite its massive influence, Gundam Wing had a relatively short run: just 49 episodes and four original video animations. There was a spate of manga adaptations in the ’90s, too, and a serial novel called Frozen Teardrop that ran from 2010 to 2015 in Gundam Ace, but for the most part, Gundam Wing has been content to let its legacy speak for itself. Until now, that is. During the spring 2026 Gundam Conference (via Comic Book), Bandai Namco announced that a new Gundam Wing “visual project” is in the works. When pressed for more details, Bandai Namco Filmworks producer Naohiro Ogata said, “I can’t say what the format is yet, but it is definitely something long.” The announcement on the official Gundam website is similarly light on details, but it’s still hugely exciting. [embed]https://www.youtube.com/watch?v=tX8NQa1WWic[/embed] Gundam Wing follows five teenage mech pilots sent to Earth to free their home space colonies from the oppression of the United Earth Sphere Alliance. It’s set in an alternate timeline from the original Mobile Suit Gundam series, which first aired in Japan in 1979. Alternate timelines are pretty common in the world of Gundam, so it’s possible that the new project could go that route, though it’d be hard to sell as a Wing series specifically rather than a separate Gundam series.
The new project could also simply pick up where the anime left off or follow the plot of Frozen Teardrop, which was essentially a sequel story. It could even be a prequel, for all we know. With so little information revealed, the possibilities are endless about what this new Gundam Wing could be. That’s not going to stop us from being unreasonably excited about it, though. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Gundam #Wing #Visual #Project #WorksGundam,Gundam Wing New ‘Gundam Wing’ ‘Visual Project’ in the Works
By the time Cartoon Network syndicated the 1995 anime series Mobile Suit Gundam Wing in the United States in the summer of 2000, the Gundam franchise was already hugely popular in Japan. Mobile Suit Gundam Wing, however, was a watershed moment for the franchise in the West, introducing an entire generation of anime fans to Gundam specifically but also the mecha anime genre in general. It’s understandably something of a big deal to a lot of Western anime fans. But despite its massive influence, Gundam Wing had a relatively short run: just 49 episodes and four original video animations. There was a spate of manga adaptations in the ’90s, too, and a serial novel called Frozen Teardrop that ran from 2010 to 2015 in Gundam Ace, but for the most part, Gundam Wing has been content to let its legacy speak for itself. Until now, that is. During the spring 2026 Gundam Conference (via Comic Book), Bandai Namco announced that a new Gundam Wing “visual project” is in the works. When pressed for more details, Bandai Namco Filmworks producer Naohiro Ogata said, “I can’t say what the format is yet, but it is definitely something long.” The announcement on the official Gundam website is similarly light on details, but it’s still hugely exciting. [embed]https://www.youtube.com/watch?v=tX8NQa1WWic[/embed] Gundam Wing follows five teenage mech pilots sent to Earth to free their home space colonies from the oppression of the United Earth Sphere Alliance. It’s set in an alternate timeline from the original Mobile Suit Gundam series, which first aired in Japan in 1979. Alternate timelines are pretty common in the world of Gundam, so it’s possible that the new project could go that route, though it’d be hard to sell as a Wing series specifically rather than a separate Gundam series.
The new project could also simply pick up where the anime left off or follow the plot of Frozen Teardrop, which was essentially a sequel story. It could even be a prequel, for all we know. With so little information revealed, the possibilities are endless about what this new Gundam Wing could be. That’s not going to stop us from being unreasonably excited about it, though. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Gundam #Wing #Visual #Project #WorksGundam,Gundam Wing](https://gizmodo.com/app/uploads/2026/05/Mobile-Suit-Gundam-Wing-1280x853.jpg)
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