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Peloton’s Famous Instructors, Who Can Make Upwards of $500,000 a Year, Escape Layoffs

Peloton’s Cody Rigsby performs on “Dancing with the Stars.”
Peloton’s Cody Rigsby performs on “Dancing with the Stars.”Photographer: Christopher Willard/Disney Entertainment/Getty Images

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.