SoulCycle Shifts Gears, Announces 19 Studio Closures & Layoffs
CEO Webster said 19 SoulCycle studios will be closing in the US & Canada, but didn't say how many employees will be affected by the layoffs
Layoffs Hit Peloton, Price Hikes Coming for Bike+ & Tread
Peloton CEO McCarthy said all office-based employees who have survived the layoffs will be required to return to office three days per week.
Life Time Group Reports Second Quarter Fiscal 2022 Financial Results & Is Focused on Programs
Life Time Group Holdings, Inc. has 12 planned openings in 2022 and 11 or more in the next year.
Layoffs Hit Sweetgreen as Healthy Salad Chain Lowers 2022 Guidance
Sweetgreen announces layoffs of around 5% of its support center workforce & says it's moving to a smaller office.
Daily Harvest Announces 15% Workforce Layoffs After Lentil Debacle That Caused Nearly 100 Hospitalizations
The Daily Harvest team was told during an All Hands meeting that the layoffs were due to economic circumstances, not lentil crisis.
Tonal Taking LA Studio Offline, CEO Calls it a ‘Challenging Time’ for the Smart Home Gym Company
The Tonal community erupted when they read founder and CEO Aly Orady's confirmation, outraged at the loss of the LA studio coaches.
Sarma Melngailis of Netflix’s ‘Bad Vegan’ Shares an Exclusive Look at Her Latest Project
Sarma Melngailis, the subject of Netflix docuseries 'Bad Vegan,' tells Athletech News about her wellness practices, upcoming book, & more.
Planet Fitness Reports Second-Quarter 2022 Results & Says Affordable Fitness Model Resonates with Americans
Planet Fitness reported that for Q2 2022, total revenue increased $87.2m or 63.5% to $224.4m from $137.3m in Q2 2021.
Hydrow Announces Layoffs, Citing ‘unprecedented economic circumstances’
Following Tonal, F45 & Whoop reducing staff in the face of economic uncertainty, connected fitness firm Hydrow has also announced layoffs.
SoulCycle Throws Down the Gauntlet & Offers Classes in Exchange for Peloton Bikes
While SoulCycle is offering Peloton bike owners to trade in their pedalling machines, it might have been a little too late for that.