Zwift Layoffs
March 2020
Zwift announced a layoff affecting 0 employees in March 2020. The company operates in the Fitness sector.
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Mar 23, 2020
About
Zwift, a sports technology company in the fitness and gaming industry, laid off a number of employees on March 20, 2020, as part of a strategic reorganization to focus on developing new hardware. While the exact number of affected employees and the total workforce size were not disclosed, the layoffs primarily impacted executive and director-level positions, including roles like VP of Running and Director of Global Business Development. Zwift emphasized that the decision was not driven by external factors like COVID-19 or financial concerns but aimed to support growth in its core subscription business and hardware development. The company provided severance packages to those laid off, maintaining that it remains financially healthy.
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