“The Peloton monthly membership will be complimentary for impacted team members for an additional 12 months,” Peloton said in its press release about the layoffs. That’s in addition to a “meaningful cash severance allotment” that’s determined “based on job level and tenure” with the fitness company, alongside several other benefits.
meaningful cash severance allotment in quotes.
I bet it's "meaningful" :)
Trim the payroll and increase the subscribers count. Win Win.