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Benzinga
Benzinga
Business
Adam Eckert

INSANE: Why peloton shares are trading lower today | Rare Historical Photos

Peloton Nasdaq

Peloton Interactive Inc (NASDAQ:PTON) is trading lower Tuesday on reports the company is working with management consulting group McKinsey & Co to review cost restructure, which could include store closures and layoffs.

The possible job cuts were discussed in a recent call with members of Peloton’s management team, according to a CNBC report citing a recording of the call. 

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