Several private equity firms have been considering a buyout of Peloton, according to sources. At least one firm has held talks with Peloton about potentially going private. Firms have looked at how to cut Peloton's operating expenses to improve the attractiveness of an acquisition. Peloton recently announced cost-cutting plans, job cuts, and the departure of its CEO. Peloton's hardware business has struggled as high costs and recalls hurt demand. Its subscription business is profitable, but it has faced 13 straight quarters of losses.