Peloton to Cut Another 500 Jobs in Last Bid for Turnaround

The Wall Street Journal

The Wall Street Journal


Today's News

With schools starting back up again and many people working from home, the computer market has taken a severe hit, with AMD cutting its revenue forecast. In other news, natural gas prices have been volatile, and this has caused Shell to brace for a profit hit. Additionally, schools have been facing an increase in gun confiscations, shootings, and hoaxes. A survey has also found that U.S. diplomats face widespread discrimination and harassment. Finally, gasoline prices are climbing again, and they may get worse. Peloton is also cutting 500 jobs in a last bid for turnaround, and TikTok parent ByteDance sees losses swell in push for growth.


-AMD cuts revenue forecast due to decreasing PC shipments

  • Shell prepares for financial loss from volatile gas prices and increased costs
  • Schools see rise in gun confiscations, shootings, and hoaxes
  • U.S. diplomats experience discrimination and harassment, according to internal survey
  • Gasoline prices in the U.S. are increasing and may continue to do so
  • Peloton announces another round of 500 job cuts in attempt to turn company around
  • TikTok parent company ByteDance sees significant financial losses, but continues to push for growth
  • Biden plans to pardon people convicted of marijuana possession