Peloton ($PTON@US) is cutting 500 jobs following multiple layoffs earlier this year. The fitness equipment company has been struggling to rebound after the lift of COVID restrictions caused their sales to drop. “The restructuring is done with today’s announcement,” CEO Barry McCarthy said. “Now we’re focused on growth.” The company’s growth strategy is pivoting in the post-pandemic marketplace. Peloton announced this week that it would put bikes in every Hilton-branded hotel ($HLT@US) in the U.S. and that it had partnerships to sell equipment in Dick’s Sporting Goods ($DKS@US) stores and on Amazon ($AMZN@US).