Peloton plans workforce size review, production changes

Jan 20 (Reuters) – The chief executive of Peloton Interactive Inc (PTON.O) said on Thursday the company was reviewing its workforce size and “resetting” production levels, following a report earlier in the day that it was temporarily halting the production of connected devices. fitness bikes and treadmills after a significant drop in demand. Shares of … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – Strong demand for groceries combined with soaring transportation costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce, resulting in empty supermarket shelves at major retailers across the United States. West Coast perishable produce producers are paying nearly triple pre-pandemic trucking rates to … Read more