Peloton’s CEO left on Tuesday, as 2800 other employees were laid off. 20% of the corporate staff. The oddity, however, is that this tech company is giving those going out the door… a 1 year subscription? And what if they don’t have one of the Peloton devices? Is that some kind of trimming the fat insult, or what?

Along with the layoffs, Peloton also announced CEO John Foley is stepping down, and the company is scrapping plans for a North American factory.