24 Hour Fitness eliminated an undisclosed number of positions last week.
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February 14, 2023

News

24 Hour Fitness Undergoes a Reduction in Force

The reduction in its workforce was undertaken to "adapt to the challenges of the current macroeconomic climate," according to a statement from 24 Hour Fitness CEO Karl Sanft, but no other details were disclosed at this time.

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Peloton Appoints Dustin Grosz Precor CEO

Dustin Grosz, who had been serving as interim CEO, has now been appointed as CEO, and Frank O’Rourke joins Precor’s leadership team as senior vice president of global sales.

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[Sponsored] Message From Precor Interim CEO

In 2023 we are back to being Precor, a stand-alone subsidiary of Peloton, committed to the satisfaction of our customers and the impression our equipment makes on your exercisers.

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F45 Training Opens First Studio in Its Hilton Partnership

F45 Training, Austin, Texas, opened its first location at a Hilton hotel this week, testing the hospitality market.

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From Club Industry

Club Industry Launches a Franchise Guide for the Fitness Industry

Entrepreneurs looking to start their own health club or studio can now compare franchising options in the Club Industry Franchise Guide, launched this week. More franchisors are being added to the guide weekly.

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2023: Trends Moving the Health and Wellness Industry into a Brighter Future

Club Industry called upon a range of industry leaders to gauge what they think the trends to watch will be in 2023. Download this free report to read the thoughts of leaders such as Karl Sanft, CEO of 24 Hour Fitness; Adam Sedlack, COO of UFC Gyms; Ben Midgley, CEO of Crunch Franchising; Lindsay Vastola, founder of Vast Potential and more.

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U.S. Health Club Financial Review: 2019-2021

Before the fitness industry looks at how it performed in 2022, Club Industry gathered data on how the industry performed during the heart of the COVID-19 pandemic and all its restrictions from 2019-2021. Companies such as Life Time, LA Fitness, Planet Fitness, Xponential Fitness, the Bay Clubs, Orangetheory Fitness and others are included.

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