The layoffs at Tonal will impact 35 percent of its employees.
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July 14, 2022

News

Tonal Lays Off 35 Percent of Staff in Preparation for IPO

During the COVID-19 pandemic when demand for at-home fitness rose, Tonal's employee base grew from 100 to 750 people, according to the CEO. With a possible upcoming recession and a possible initial public offering for the company, the layoffs are being made to make the at-home connected brand profitable.

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Walla Software Gets $13 Million Investment for Growth

The studio management software company Industry received Series A round funding from venture capital firm Industry Ventures among others.

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From Club Industry

A Roadmap to 2022: Fitness Industry Trends to Watch

Club Industry’s latest free report brings to you a collection of industry leaders who are sharing their thoughts on the trends they see in place in 2022 and how those will impact the industry and your business.

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Diversity, Equity And Inclusion In The Fitness Industry

Club industry has committed to helping to move forward the discussion on diversity, equity and inclusion in the fitness industry. In this ongoing series, people within the industry are sharing their experiences as people of color and as companies committed to DEI.

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In Brief

Club Pilates Signs Master Franchise Agreement in the United Kingdom

YouFit Gyms Named Official Gym of University of Miami Athletics

FlexIt and the International Sports Science Association (ISSA) Partner with The Vitamin Shoppe® to Introduce the Wellness Retailer’s Loyalty Members to Live “Interconnected Health” Sessions

Pulse Performance Named Best Tech-Enhanced Fitness Business by New World Report’s 2022 Texas Business Awards

9Round Ranked a Top Low-Cost Franchise by Entrepreneur Magazine