Peloton announced on Friday that it is cutting approximately 11 percent of its workforce, primarily affecting engineers focused on technology and enterprise-related initiatives. This decision follows a previous layoff of six percent in August, with the company informing investors of plans for further layoffs globally by 2026, aiming to save at least $100 million annually. In this context, it is important to note that these actions are part of a broader strategy to enhance efficiency and ensure the company's financial stability.