Lululemon laid off 120 employees who worked on its Mirror device. The company announced a five-year partnership with Peloton this week. Lululemon laid off about 120 workers on Wednesday as it announced plans to stop selling its Mirror connected-fitness device, according to an internal memo that was viewed by Insider. The job cuts came to the company's Lululemon Studio team, the part of the company that ran Mirror's operations. During its fourth-quarter earnings call this March, Lululemon announced it had taken a $443 million impairment charge related to the Mirror acquisition.

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Persons: Lululemon, Brynn Putnam Locations: Lululemon