Peloton told employees Friday it's slashing 784 jobs, increasing equipment prices, closing several retail locations and requiring all non-remote employees to return to the office by November 14.The decision comes as the pandemic darling tries to claw back profits after a 90% loss of its share price upon gym reopenings early this year. CEO Barry McCarthy, a tech veteran who took over the company in February, said he hopes today's decisions will 'better position the company for long term success.'
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