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Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO

Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO

Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon‘s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared with a little more than 110 before the Covid-19 …

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Tech talent is still in demand but outsized salaries may be disappearing

Tech talent is still in demand but outsized salaries may be disappearing

Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that …

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Companies from Tesla to Coinbase are laying off workers: Here are 3 things to do first if you lose your job

Companies from Tesla to Coinbase are laying off workers: Here are 3 things to do first if you lose your job

Realpeoplegroup | E+ | Getty Images As fears grow that the U.S. economy is headed for a recession, a number of companies have announced massive waves of layoffs. It’s a stark reversal after a year or more of mass voluntary resignations and job switching amid plentiful employment opportunities nationwide, in a trend known as the …

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5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street turns decisively lower after another hot inflation report Traders work on the floor of the New York Stock Exchange NYSE U.S. stock futures turned sharply lower after Friday’s before-the-bell inflation report showed a bigger-than-expected increase. …

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