Lululemon Lays Off 120 Employees in Wake of Peloton Deal
September 29, 2023
Lululemon is undergoing another round of layoffs this week in the wake of its new partnership with Peloton, the company confirmed to FN.
Under a new five-year deal announced this week, Peloton became the official digital fitness content provider for Lululemon Studio All-Access Members and Lululemon became the primary athletic apparel provider for Peloton. Lululemon also announced that it will discontinue sales of its Mirror device by the end of the year as it turns to Peloton to become its exclusive provider of digital fitness content. FN