World Leisure Jobs - Hydrow cuts staff to "right-size the business" ...
29 Sep 2022 World leisure: news, training & property
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

15 Aug 2022

Hydrow cuts staff to "right-size the business"
BY Frances Marcellin

Hydrow is cutting 35 per cent of its workforce

Hydrow is cutting 35 per cent of its workforce
photo: Hydrow

At-home rower maker Hydrow is one of the latest connected-fitness companies to announce staff cuts. The tech company which won celebrity backing from the likes of Justin Timberlake and actor Kevin Hart – who is also on board as creative director – confirmed it would be cutting 35 per cent of its workforce, just four months after raising US$55m in Series D funding.

The new capital was planned for investment in product innovation and scaling operations to meet with consumer demand, yet founder and CEO Bruce Smith has said that Hydrow has now reached a stage of growth and size that enables the company to make a “strategic choice for growth”.

“This decision involves a strategic shift in our workforce,” said Smith. “In the wake of the unprecedented economic circumstances we’re collectively facing, Hydrow has made the incredibly difficult decision to conduct a reduction in workforce, in an effort to right-size the business.

Three weeks ago, the company launched the Hydrow Wave, a lighter version of the original rower, both in weight and cost. Priced at US$1,495 it is US$1,000 cheaper than the Hydrow, which sells for US$2,495, and is also 30 per cent lighter due to its polycarbonate monocoque frame.

The connected rower has algorithm-controlled dynamic resistance, which creates a user experience the company says mimics rowing on the water. From 2020 to 2021 Hydrow claimed its revenue had multiplied by three during the twelve-month period and had more than 200,000 users.

Members can access around 4,000 live and on-demand workouts – many led by professional athletes, such as four-time Olympian Aquil Abdullah – which are designed to work 86 per cent of the body’s major muscle groups.



Connect with
World Leisure
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Research reveals the impact of gymtimidation on market growth
Research reveals the impact of gymtimidation on market growth   28 Sep 2022

A recent OnePoll survey on behalf of The Gym Group (TGG) has found one in three Brits (33 per cent) suffer from gymtimidation and fear feeling out of .... more>>
Minor Hotels and VLCC unveil medical wellness centre at Avani+ Hua Hin Resort in Thailand
Minor Hotels and VLCC unveil medical wellness centre at Avani+ Hua Hin Resort in Thailand   28 Sep 2022

Avani+ Hua Hin Resort in Thailand has introduced a new medical wellness centre in partnership with VLCC, an India-based beauty and wellness operator .... more>>
Women are less active than men finds Eurobarometer. The European Commission is tackling inequality with a raft of new initiatives
Women are less active than men finds Eurobarometer. The European Commission is tackling inequality with a raft of new initiatives   28 Sep 2022

New Eurobarometer research results, published by the European Commission, show conclusively that women remain less active than men. In an exclusive .... more>>
Elaine Jobson buys Jetts Fitness from FLG – announces expansion
Elaine Jobson buys Jetts Fitness from FLG – announces expansion   27 Sep 2022

Jetts Fitness Australia CEO, Elaine Jobson, has led an MBO to acquire the franchised Jetts Fitness business from parent company Fitness & Lifestyle .... more>>
Company profile


Virtuagym

Virtuagym is a global provider of health and fitness technology for coaching, engagement and management for the fitness industry and corporate wellness.

View full profile>>

Catalogue gallery


Featured Supplier

Fitronics launches new website housing leading sports and fitness tech brands; TRP, CoursePro and Strive

Fitronics launches new website housing leading sports and fitness tech brands; TRP, CoursePro and Strive

Leading software company Fitronics has launched an all-new website featuring its leading sports and fitness technology brands; The Retention People (TRP), CoursePro (CAP2) and Strive. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



World Leisure jobs




Swim Teacher
Salary: Competitive
Location: Moulton, Northampton, UK
Company: Everyone Active
Climbing Instructor
Salary: Competitive
Location: Harrow, UK
Company: Everyone Active
Fitness Instructor / PT
Salary: Competitive
Location: Crawley, London
Company: Empowered Brands
Operations Assistant (NPLQ required)
Salary: Competitive
Location: Middlesbrough, UK
Company: Everyone Active
Diary dates
Powered by leisurediary.com

27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain


27-30 Sep 2022

W3 Hospitality EMEA

The Westin Dragonara Resort, Malta



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Trends: Introducing Gen Z
How will this tech-savvy, social media-driven generation affect your business? More>>
  Arts & Culture: The show must go on
When austerity hits hard, UK theatres adapt and get creative More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Disruption: Rule breakers
Leisure architecture that’s pushing boundaries and upturning expectations More>>
  Green space: Space age
With land at a premium, the definition of public parks and green space is evolving More>>


Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd