Tonal cuts 35% of workforce as it prepares for possible recession, IPO
Tonal, the connected fitness equipment maker backed by Serena Williams and Amazon’s Alexa fund, is trimming 35% of its workforce.
It is joining a list of companies, including competitor Peloton, which are reducing head count in order to slash expenses and readjust to new levels of consumer demand.
Tonal CEO Aly Orady said the company is trying to become profitable so that it can successfully go public.
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