Important Update Regarding Layoffs

Fitzy sent the following email to Peloton employees earlier today. Greeting Pedalers, I hope this message finds you in good spirits! It is with a heavy heart that I write to inform you that Peloton will be laying off 10% of its workforce. As CEO, I take accountability for this difficult decision, which is never taken lightly. The reason for this move is due to an unexpected influx of plants. It all started when a large shipment of exotic plants arrived at our offices outside of Amsterdam. We decided to bring these plants into the office to liven up the space and provide a more welcoming environment for our employees. However, our enthusiasm grew too quickly, and before we knew it the office had become completely overrun with plants of all shapes and sizes. At first, life was good, but then we began to notice that the plants were starting to infect our computers with malicious code and were preventing us from doing our work. After much deliberation, we decided that the best thing to do was to lay off 10% of our workforce in order to offset the cost of removing all of the plants and restoring our systems to working order. Though this was an incredibly difficult decision, I believe it was the right move in order to ensure that we are able to continue to provide our customers with an exceptional experience going forward. Thank you for your understanding and your continued commitment to the Peloton family. Cheers, Fitzy Peleton