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John Foley

Peloton Launches Reselling Marketplace For Used Bikes, Other Equipment Peloton Launches Reselling Marketplace For Used Bikes, Other Equipment
Peloton Launches Reselling Marketplace For Used Bikes, Other Equipment If your Peloton has become a clothes rack, you can now turn it into cash. Peloton launched its new reselling platform called Repowered on Tuesday, June 3. The online marketplace will allow customers to buy or sell used equipment. Repowered is rolling out in the Boston, New York City, and Washington, DC, areas. Sellers can set their own prices and get guidance from the artificial intelligence-powered tool Archive. Buyers can benefit from a discount on the equipment activation fee. Sellers will also get up to $600 off new Peloton purchases after selling their old equipment. Pricing recommen…
Peloton To Close Westchester Facility, With 75 Losing Jobs Peloton To Close Westchester Facility, With 75 Losing Jobs
Peloton To Close Westchester Facility, With 75 Losing Jobs Peloton has announced plans to shut down some of its facilities and lay off thousands of employees, including some workers in the region. On Tuesday, Feb. 8, the exercise equipment company announced plans to restructure and let go of a total of 2,800 employees globally. CEO John Foley also announced plans to step down. As part of the restructuring, the facility located in the Westchester County city of Mount Vernon will shut down, causing 75 employees to lose their jobs, according to a Worker Adjustment and Retraining Notification Act (WARN) notice posted on Feb. 8. The facility is located…
Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported
Peloton Recalls Treadmills After 72 Injuries, 1 Child Death Reported Peloton recalled all of its treadmill machines Wednesday. The popular exercise equipment company issued an apology for not acting faster on reports of nearly 72 injuries and the death of a 6-year-old child, who was pulled under the rear of a treadmill. Of the 72 injuries, 29 were to children such as second- and third-degree abrasions, broken bones, and lacerations, according to the Consumer Product Safety Commission. Peloton CEO John Foley called the decision to recall both the Tread+ and Peloton Tread the "right thing to do." "I want to be clear... We should have engaged more p…