Wwwoooww.. that’s a double slap in the face Like some ex texting you “I miss you” just to see if you’re still being strung along so they can say “as a friend”

8:45 Dog in the back paying attention.😂😂🤣😂🤣😂

Oh man that's hilarious

Broooooo that's fucking brutal. Good for you calling them on it.

@@Meowface. Bro has trauma

It worked as luxury gym equipment but they really needed to keep offline functionality for their products.

That's kind of the problem with the whole model right there. Its a product more expensive than you could buy an iPad and a stationary bike separately... and it can't even do as many things.

You know what is funny is my friend has what he calls his redneck Peleton. It is literally an exercise bike from the 90s sitting in front of a projector hooked up to his laptop in his basement. There are videos of people who recorded them riding their bike with a gopro on their helmet, bike, or whatever on KZfaq. He streams one of those videos when he wants to exercise.

@@claytonbouldin9381 Get that man a few million investment funding and he too could live the dream of starting your own business to run into the ground

There will always be a market for high end products. Think Starbucks. They capitalized on covid and put out a lot of commercials to build the brand. The fact is people will still buy these bikes but only if they keep them in high end light (like big gym contracts and celebrity endorsement)

The richest man in Brazil is a dude that used to do just that: buy struggling companies and turn then around. He would immediately fire not only the CEO, but all the directors.

@@AmandaVieiraMamaesouCult who is this brazil guy and can he come to the US

Corporate reading end up in the 80s since the advent of contractual poison pills.

@@AmandaVieiraMamaesouCult I can't remember the roles or people, but yeah. Basically that. It was purely that if they were good at their job, then the company would be doing good. I think companies that are failing so bad that they have to lay off a large amount of employees, probably haven't been doing a good enough job to sustain. Aside from a major catastrophe, pandemic, or act god. Obviously there are circumstances beyond anyone's control, but in a general circumstance, yeah. Like the CEO of Peloton should have anticipated a lot and he should be out of a job as well along with other executives.

vista

H&M

Literally family

I know right 🙄

if these employees did their job they wouldnt need to be fired.

And hilarious

@@ashishpatel350 They did do their jobs. The company expanded too quickly and hired too many people in a knee-jerk reaction to a market quirk in the form of the pandemic starting. This isn't the fault of the lower or mid level employees, and blaming them is appalling. Literal victim-blaming, fam. Not cool. 2,800 people are scrambling to find a new job in a less-than-ideal economy, and you're blaming the people who *didn't* make the hiring decisions?

@@hauntedshadowslegacy2826 they took the job. they expanded and didnt make money. so now they are fired. seems to be their fault. or to employees just want to show up to work to collect a welfare check. you must not know what victim blaming is.

For certain! 🤡

It’s a slap in the face!

That cake is a lie.

Taking tips Scotty?

imagine trying to sell people a "subscription" on using a fucking workout bike. oh? you gonna show me workout videos? for riding a bike?

@@sbrazenor2 I mean it was years ago, I didn’t even know the brand name at that point. One of their retail people walked up to my uncle and tried to sell him one. They told him the price and he was pretty much, 😦😐🤣 ‚ ‘no for that price I could buy an exercise bike, a tablet, and still have money for groceries’. Pretty much what he said, and the worker didn’t really know how to respond.

FUEL = Fcuk up employees lives

@@_baller That's a good one!

Simping never saved anyone

so brainwashed they’ll donate their severance checks back to Peloton lol

project fuel likely means "those we will burn, to power us forward, thanks ex-family, you're the best pile of ash ive ever fired without notice"

Wait, didn't they get a Spotify Premium too? They're so generous!

Yeah, so much better than being able to put food on the table. 🙄

🤣🤣

Hahah

ah, the the people on the yachts floating during covid

and with that i also suggest keep moving every few years

I laught at the people who act like their work is their life.

100

Yup, you're just a cell on a spreadsheet.

@@8015908 yeah so many people in upper management are ready to move on to the next project without waiting even a day

Just like Tesla and Apple and all the others. People that buy a "cool" product just to be abused.

Yup, pelotom and pelotom people always have me a weird "Mormon meets scientology" kind of cult vibes

I think it's a scam. It's for lazy people. Who needs a person on TV to motivate them when you have your health provider, family, and friend's to help u through week times. Why waste $400 - $1000 a month on this garbage 🗑

Yeah. A cult for the elite cause middle class and low income earners can't afford this.

Or not getting hired by their next potential employer.

thats because we live in the world of facists, they punish honest behavior.

Why would they have to even say anything? Keep it quiet and do your business.

Exactly! Its not the best idea to turn into Rambo when 💩's hitting the fan all around you.

Correct, keep your comments and personal life out of the workplace, focus on your job and pad up your CV, You never know when nepotism or the buddy network circle will toss you to the curb.

I see how it could impact the bottom line I guess, but it didn't say the layoffs / cuts were happening in the software / engineering departments from what I saw, rather the sales and marketing + brick and mortar stores if I remember correctly. Sounds like the sales / ecommerce / marketing business units became bloated due to the leadership's optimistic outlook on the future of the company i.e. continuing to grow revenue, income, etc. higher than 2020/early pandemic levels, they scaled up too quickly and paid the price in those areas.

It was not the dev salaries. The business was overvalued because of the pandemic, they hired too many people too fast and now they have to retrofit. In the end, that was the unsustainable part

@@AmandaVieiraMamaesouCult Exactly, they didn't learn or even plan to scale beyond the scope of the pandemic. Once every customer has bought a bike it's unlikely they'll buy another one anyway, and further profits will come from repairs or selling in bulk to gym owners. Even without the pandemic, their business model was unsustainable from the start.

@@AmandaVieiraMamaesouCult the business definitely scaled up too quickly but there is also some truth about bloated software salaries in many industries.

Developer salaries are crazy right now. I know because I'm a developer. There are way more jobs than talent.

I guess we're also gonna see a glut of used Pelotons on Craigslist and FB Marketplace where they'll probably go for cheap since they're not as maintainable as *actual* bikes...

@@rachel_sj Indeed! LOL

@@rachel_sj New job opening: Peloton repair man

@@Helicopterpilot16 Monty Python was prophetic with their Bicycle Repairman Skit

When my colleague was raving about it in 2019 and saying it was amazing because you could see celebrities working out or whatever, I thought she was nuts. Paying that much to see other people exercising??

Wise words! But the young folks are too emotional, they want nurturing and mentorships etc, got news for ya, we're all numbers.

No loyalty to a company. Loyal to yourself only…

The bezos vest is a power move.

@@JoshuaFluke1 You should do a video on the company PreHired, which is an online sales training bootcamp that is being roasted on LinkedIn right now for their Income Share Agreements causing participants to owe up to $30,000 (which many can’t afford due to not being placed in a job like the program promises). Also, the CEO (Joshua Jordan) is suing ~300 participants. The original LinkedIn post is by Matthew Provins.

@@JaiNormis Usually this kind of scam actually places people in jobs, for well below market rates

I worked at a company that did this to me. They were even sabotaging my work & made it look like I didn't do as much as I was doing. I stayed & got my severance. Now, I'm trying to start my own company

Qualcomm?

Research in Motion allegedly.

Isn't that a good thing to tip people off? Gives them a longer window to find another job.

@@seinfan9 True, but it's not done in the goodness of the corporation's heart.

They act like they’re Dominic Toretto, Lol

Facts

start new job with clean slate? if such is possible, how would one learn anything? in terms of job skills, and better understanding how world, and corporate world really works.

@@Numantino312 this boomer boss had poor coping skills. I said to them 'hope for the best, plan for the worst'. And they still didn't understand

@@citydweller99 sounds like he wasn't in boy scouts!

@@Numantino312 it was a she

No. They fire u. They find a reason 2 fire u 2 NOT pay u retirement or hell, even unemployment

@@incognitonegress3453 Thought it worked the other way around. If you quit, they don't have to pay you, so they just do everything in their power to get you to quit, so they don't have to give you a severance package.

You could spend $999 or $1499 and get a better bike without the software fluff and it will last you a long time.

@@trippybruh1592 yup..

The subscription model doesnt make sense at all even during Covid, you got free videos on youtube

with a $0 ublock origin plugin I also don't have ads

Or just join a complete gym for that monthly price and keep the $2000?

Some sheep will never take the risk of trekking to the next grassland to feed. They'll take whatever crap feed they're getting in the here and now.

It's like what Josh says, people become groomed with terms like "we're family" and don't think they'll be fired (even though they work hard and do well). Perfectly good, hardworking people get fired for things completely out of control. And yeah, unfortunately, many of us have been put through this grooming process of not questioning those higher up. To trust the process. To trust management. Because "we're family. We're in this together:" I can't believe they would have a meeting after to ask people how they felt about the meeting. It is toxic.

Sounds familiar.

Interesting perspective...

Is it hard to find another job? I live in a state thats been decimated by the ruling class and jobs are falling from the sky. Now, if they paid you double what your market is then yes, it may be hard to find work. Work is broken - that's like saying a car thats been sitting in a lake for 20 years needs new brakes. Our government and society are broken and as long as the average American thinks politics is a team sport then it will NEVER get better.

@@andrew8168 Governments always had problems. America has been worse. That's not new. What is fairly new to humanity is sitting in a box for eight hours a day. The office environment is so… yuck… and political too. So much jealousy! I saw a video recently of how people couldn't get a job in fast food. One of the suggestions from the video was to tailor your resume. Seriously, tailor your resume, for an entry level job?! That's the big problem with work. There isn't loyalty. If your application doesn't check all the boxes, it's rare that an employer will work with you. Training is rare and the career path is to job hop to get a decent promotion. I'm also starting to wonder if the job postings are fake. I watched two people apply for a job. Both were highly qualified, but then the job just disappeared. Maybe other states are hiring, but it's very difficult to relocate for another job. That's risky. Also, employers don't seem to like that. People get confused as to why you might want to leave a state. I see the news, how there are supposedly so many jobs, and yet so many people I know are job hunting - or retired. 😄

@@PhoticsTV The problem is that HR departments have automated the application process, so it's an algorithm sorting through resumes.

@@Razaiel That's actually one of my concerns. What are they doing with all of that data? When a job mysteriously disappears, does the applicant data disappear with it too? 🤔

@@PhoticsTV Best case scenario? It gets deleted. Worst case scenario? Your personal information is being sold.

The guy below mentioning "Strapping an iPad to an exercise bike was probably never a good business plan." go hand and hand!

it was since gyms started to reopen, that clip was just the icing on the cake lol

@Laurence Snow you're right, I'm dumb. Woooooooooooshed me. My bad

on their yacht

Do what you do with your actual family..show up to their home unannounced and ask them if you can stay "a couple days until you can get back on your feet". Remember its only awkward the first 30 seconds.

After earning millions last year yes. He could probably live a decent lifestyle out of the interest on that money alone if he is wise enough

@@rahem027 I just hope he overextended his lifestyle like he overextended the company.

@@rahem027 oh definitely

If you believe in karma/ devine equality etc, you havent experienced much of life brother.

I appreciate that, thanks Troy!

Is your country USA? Sounds exactly like it.

Yeah 2800 employees is insane

It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more

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Yup

Greed

What's a promotion?

@@ThePrimeMinisterOfTheBlock 😆 yep

Amen.

Welcome!

@@JoshuaFluke1 TY - I can't wait for more content.

it's a real problem. our education system is hardwired to produce people who know how to work for others. but it's really difficult to get something going for ones self. best case scenario, one has to learn how to get past their own self.

"Working for yourself is so liberating. I'm not against working for others or companies in general" Well yeah obviously you are not, because when you're working for yourself you have to have someone working for you. One word: hypocrisy.

@Numantino312 About the education system cranking out employees.... That was all by design!!!! Andrew Carnegie and JP Morgan were on a board of people who decided what should be taught in public schools way back in 1905. First thing they did was *REMOVE* financial education! They wanted more obedient *WORKERS* not more *COMPETITORS* !!!! Yes, by design....

@@channul4887 there's no hypocrisy to hiring someone -unless you try to lay the cringe on them that JF talks about. "you have to have someone working for you. One word: hypocrisy."

I think the whole idea is stupid: buy this expensive, clunky, heavy thing when you can an indoor cardio workout for free, or go outside and run in good weather.

@@Seattle-2017 Even a nice commercial treadmill is cheaper.

"So before March of 2020, I worked for a company that *literally knew* that the Peloton model wasn't going to work." How much money did you/they make shorting them?

@@channul4887 The whole reason for the research was to if they wanted to invest in the company, this was around February 2020. Then other things came about and the discussion of Peloton went to the waste side. So no financial gain was made.

@@katgelinas27 People who "literally know" make money on it, regardless. I call BS.

why would they move the cfo?