Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO
Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon’s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared with a little more than 110 before the Covid-19 pandemic, Chief Executive Officer Aly Orady said in an interview.
- Omorpho hopes to begin a new era of sportswear with their innovative micro-weighted fitness apparel (They just raised $6M for total funding of $13M)
- New clinical wellness resort brand Tulah to debut in India, following 100M+ investment