FitnessUS

iFit Layoffs

November 2022

iFit announced a layoff affecting 300 employees (20% of its workforce) in November 2022. The company operates in the Fitness sector.

People Affected

300

Percentage

20%

Announced Date

Nov 14, 2022

About

iFIT, the Logan, Utah-based fitness technology company, has conducted another round of layoffs, reducing its global workforce by 20%. This follows previous job cuts and is attributed to ongoing supply chain challenges and a decline in consumer demand as the pandemic-driven home fitness boom subsides. The company, known for interactive exercise equipment like NordicTrack treadmills, is restructuring to navigate a post-pandemic market adjustment.