West Logan, Utah-based iFIT, a manufacturer and provider of online fitness and wellness programs connected to fitness equipment products, has announced a 20% staff reduction in its fifth round of layoffs since late 2021.
Approximately 300 employees will be impacted.
According to a company spokesperson, "The company has experienced significant growth globally over the last few years through its eight brands, including NordicTrack, Proform, Freemotion, and Sweat, with iFIT members in more than 120 countries. However, with the pandemic volatility in the fitness space, the challenging macroeconomic environment, and supply chain disruptions, iFIT has made the tough decision to right-size the business to continue our path to profitability. The staff reduction will support our millions of members across the iFIT and Sweat platforms, and position the company for long-term success.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?