A Message of Change: Taking Accountability Amidst Layoffs

John sent the following email to Peloton employees earlier today. Hello fellow Pelotoners! It's been a wild ride with the news of 10% of our beloved Peloton workforce being let go. I am here to take accountability and explain the reasons why. It all started in a dark corner of our office, when a secret project dubbed "Stealth Mode" was initiated. We all were aware of the amazing implications it had for our company, but unfortunately, it came with a cost – namely, these layoffs. Our team worked diligently for months, trying to get all of the "low hanging fruit" to increase our efficiency and streamline processes, but we weren't able to avoid the consequences of a sudden shift in focus. As the leader of this organization, I want to make it clear that I will not shy away from taking responsibility for my decisions. Yes, we are all here to make a profit, but I firmly believe that we will be able to do this while treating every single person who works with us with the respect and dignity they deserve. I have full confidence that we will move forward and make this change a positive one, and I'm looking forward to our common journey. Sincerely, John "Swift" Foley Peloton CEO