(Bloomberg) -- Peloton Interactive Inc. is laying off a significant number of employees for the fourth time this year as part of an effort to save the struggling business, Chief Executive Officer Barry McCarthy told staff on Thursday. Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsKremlin Lets State Media Tell Some Trut
Amid a consumer spending shift from goods to experiences, the hospitality market is poised to recover quickly.
Shares of Peloton are rising upon news that the exercise bike company is partnering with Hilton to provide its bikes to 5,400 hotel's locations.