Peloton Shares Fall on Report of Company Halting Production - The Wall Street Journal

How to Turn Your Bike Into a Smart At-Home Exercise Machine

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How to Turn Your Bike Into a Smart At-Home Exercise Machine

Already have a bike? WSJ’s Nicole Nguyen shows you the gear and software you need to turn it into an internet-connected stationary cycle in a few simple steps. Photo Illustration by Dom Amatore for The Wall Street Journal; Photo: Zwift

Updated Jan. 20, 2022 9:24 pm ET

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Peloton Interactive Inc . ’s chief executive officer said the company is reviewing the size of its workforce and resetting production levels as the company adapts to more seasonal demand for its exercise equipment.

A note from CEO John Foley was sent to Peloton employees Thursday following a news report that Peloton was temporarily halting production of its connected-fitness products. The report caused shares of the company to sink 24%.