Zwift Layoffs
February 2024
Zwift announced a layoff affecting 0 employees in February 2024. The company operates in the Fitness sector.
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Feb 5, 2024
About
In February 2024, Zwift, a global fitness and indoor cycling platform, announced a reduction in force, laying off an unspecified number of employees across all areas of the business. While the company did not disclose exact figures, it described the move as necessary to become leaner and focus on sustainable growth. Despite accelerated growth over the past year, Zwift stated that growth had not rebounded quickly enough to justify all ongoing investments. The company emphasized it remains a healthy business with a passionate community and is committed to its sponsorships, including the Tour de France Femmes. Concurrently, Kurt Biedler resigned as co-CEO, leaving Eric Min as the sole CEO.
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