The company that makes NordicTrack exercise bikes promised bonuses and raises to employees after laying off hundreds earlier this month, sparking outrage from laid-off workers, with some refusing to sign their severance agreements, it has learned. The Post. Ifit – what as arch rival Peloton has been hammered as the pandemic-driven surge in demand for … Read more
NordicTrack maker iFit Health & Fitness has cut 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a post-pandemic change in habits. The cuts announced Monday were the fifth round of layoffs since the end of 2021, cutting ranks to 1,300 from 2,500, according to the Salt Lake Grandstand. Pink … Read more
A former Peloton instructor has sued the exercise bike manufacturer for $1.8m (£1.6m) over allegations of disability discrimination and mocking his Irish accent. Daniel McKenna, a popular trainer who organized virtual training classes for Peloton subscribers, sued the company for wrongful termination, discrimination and harassment. McKenna, referred to by his followers at Peloton as “the … Read more
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The sleek Peloton Guide is $395 and focuses on strength training rather than cardio.Distribute When the world went into lockdown in March 2020, my family made popular pandemic investments to cheer us up, including a puppy and a Peloton bike (no fryer yet). On cold winter days, I’d wake up with big plans to travel … Read more
Gym chain Life Time Inc. has closed sale-leaseback deals for four properties for a total of $175 million. The deals are with an institutional real estate investor “who has entered into multiple sale-and-leaseback transactions with the company in the past,” the Minnesota-based firm said in a statement. statement. The first two properties are scheduled to … Read more
Peloton CEO John Foley said in an email Tuesday that the 2,800 employees the company has laid off in North America will receive free fitness classes for 12 months as part of their severance package. The Peloton membership, which typically costs $40 a month, is in addition to more typical layoff measures that include cash … Read more