A Peloton fitness bicycle. | Andrew Valdivia, Unsplash

Peleton Interactive, a manufacturer of high-end stationary exercise bicycles, is closing its facility at 5725 New Tampa Highway, resulting in the layoffs of 58 warehouse associates, technicians and field specialists. The closing, which takes effect immediately, is part of a company restructuring that includes 2,800 job cuts worldwide, the Business Observer reports.

Source: Business Observer

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Barry Friedman founded Lkldnow.com in 2015 as the culmination of a career in print and digital journalism. Since 1982, he has used the tools of reporting, editing and content curation to help people in Lakeland understand their community better.