Tonal just shed over a third of staff to help it become a ‘self-sustaining and profitable business’

Tonal, an at-home fitness company last valued at $1.6 billion, has laid off 35% of its workforce in what the company says was “responsible” decision made in order to grow at a more sustainable rate.
“Tonal is prioritizing becoming a self-sustaining business with an emphasis on profitability,” the company said in an a statement confirming the layoffs. “While sales have continued to grow at an unprecedented rate, so have the costs of our business, particularly in light of the macroeconomic climate and global supply chain challenges.”
The company said that the

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