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home / news releases / NLS - Nautilus curbs workforce by 15% to mange costs better

NLS - Nautilus curbs workforce by 15% to mange costs better

Nautilus Inc.
  • Nautilus ( NYSE: NLS ) to reduce its workforce by ~15% for cost reduction to drive profitability despite market headwinds.
  • In addition, Nautilus has reduced its contracted labor, leveraging the flexibility of the company's variable operating model
  • This could potentially aid near-term headwinds in its retail business, while continuing to drive its direct business and serve its growing base of JRNY members.
  • The company missed its Q4 expectations and price slid 7% during after-market hours.

For further details see:

Nautilus curbs workforce by 15% to mange costs better
Stock Information
Company Name: Nautilus Inc.
Stock Symbol: NLS
Market: NYSE
Website: nautil.us
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