Peloton backpedals on scale for its Cork City office building

Exercise equipment giant due to take smaller   customer support space than previously planned after poor trading year and product recall

Poorer financial performance in sales of equipment, as well as a recall of a treadmill product, has seen Peloton reduce its Cork office space demand  in 2021 from c 70,000 sq ft to 10-20,000 sq ft with scope to scale up in the medium term

GLOBAL exercise equipment giant Peloton has backpedalled on Cork city office plans it had earlier this year, for 70,000-80,000 sq ft of space, for c 700 employees.

Now, on the back of poor Q4 2021 financial figures, and some treadmill product recalls, it has scaled back its hunt for offices in Cork city.