Finance

Man standing on a balcony overlooking nature

Mindstrong, a California-based Mental Health Start-up, Conducts Layoffs & Closes Office

According to a California WARN notice, Mental health start-up Mindstrong is conducting layoffs impacting 128 employees.

Woman working out at a 24 Hour Fitness gym

24 Hour Fitness Reduces Staff Count

An exact number of layoffs has not been released, but now-former 24 Hour Fitness employees took to LinkedIn to make the announcement.

Strava app screenshot

Strava CEO Exits

Michael Horvarth wrote in his open letter to the Strava community that he has great confidence in the brand.

Man working out using Tonal

Tonal Seeks Additional Funding or Buyer, Contemplates Replacing CEO

Last year, Peloton was reported as a potential buyer for Tonal but both the companies could not agree on a price.

Jennifer Adams smiling

Jennifer Adams Joins GymRevenue

Former ABC Fitness Client Onboarding VP Jennifer Adams will assist GymRevenue with the creation of a fluid and dynamic onboarding experience.

BandLab Desktop Assistant

Acquisition Alert: BandLab Acquires Airbit, Creating Powerful Lead in Music Tech

Airbit has proven to be a money-maker for creative beatmakers, earning them $45+ million with 2+ million beats sold.

Mark Zuckerberg speaking

Meta Proceeds with Deal to Acquire Within, VR Platform, in Light of FTC Drama

A CA judge gave Meta the green light to acquire Within after determining that the FTC had failed to make its case.

Daily Harvest 'Harvest Bakes'

Daily Harvest Cuts Jobs – One Former Employee Describes the Staff Reduction as a ‘Mass Layoff’

This is the second round of layoffs within 365 days for the meal delivery company. Daily Harvest cut jobs last August, impacting 15% of staff

Yeezy sneakers

A Costly Breakup: The End of Yeezy Leaves Adidas in Financial Predicament

The end of Yeezy will cost Adidas roughly $1.3 billion in revenue if the sportswear brand fails to repurpose the stock.

CEO Barr's comments on Nautilus 2023 Earnings Call

Earnings Call Takeaways: Nautilus Plans to Layoff 15% of Staff, Misses Q4 2023 Expectations

Even though it has missed its Q4 2023 expectations, Nautilus is confident & promises exciting new fitness products this year.