Peloton Instructors (and Their $500,000 Pay) Escape Job-Cut Ax

Peloton Interactive Inc. is slashing jobs and cutting production plans, but one part of the company is safe: its famous -- and famously well-compensated -- instructors.

In announcing plans to cut about 2,800 jobs globally on Tuesday, Peloton co-founder John Foley said the move won’t affect its roster of instructors. The number of classes and range of options won’t change either, he said in a letter to shareholders.

Peloton’s instructors are the public face of the company -- and credited with building the fitness company’s cachet. Their fame only grew during the pandemic, when they spurred stuck-at-home customers to ...