Peloton Interactive, slated to report fourth-quarter results on Aug. 25, will reportedly slash its customer support team based in Plano, Texas and Tempe, Arizona in half, eliminating nearly 800 positions, and outsource its “final-mile delivery” to third-party providers. The action, as first reported late last week by Bloomberg and the Wall Street Journal, is part of Peloton’s broader $800 million restructuring plan and will help the company lower per-product delivery costs by as much as 50 percent. They also reportedly plan to shutter many of the brand’s showrooms over the next 12 months.
