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