NordicTrack maker iFIT lays off 300 employees: Reports

NordicTrack maker iFIT Health & Fitness has reportedly fired around 300 employees in its fifth round of layoffs since late 2021. According to The Salt Lake Tribune, the latest layoff reduced the Utah-based company's workforce to around 1,300. "We're taking the steps necessary to keep the business stable in the immediate term," iFIT CEO reportedly told employees in a memo.