Runtastic Layoffs

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Runtastic, the Austrian fitness app developer acquired by Adidas in 2015 for €220 million, has officially been shut down by its parent company. This follows earlier restructuring, including the elimination of 70 positions last year and the discontinuation of the "Adidas Training" app. The closure marks the end of the once-popular running app that helped popularize the startup concept locally, with its brand name recently removed from the corporate identity. The shutdown occurred in the sports technology industry, reflecting Adidas's strategic consolidation.

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