CLMBR's Restructuring Signals Evolution in Connected Fitness Landscape

Written By Hannah Ungar
 

Krissy Vann | Host, All Things Fitness and Wellness

Vertical climbing machine maker CLMBR, backed by high-profile investors including LeBron James and Jay-Z, has undertaken significant restructuring by laying off around 25% of its workforce. The company, often referred to as the "Peloton of climbing machines," aims to position itself for an impending "strategic transaction" anticipated by year-end. Clmbr's fitness studio in Los Angeles has been closed, while its Denver-based flagship studio and headquarters continue to operate.

Former CLMBR employees took to LinkedIn to announce their departure.

CLMBR’'s strategic restructuring amid the challenges of the connected fitness industry reflects a broader landscape in flux. As established players like Peloton and Lululemon pivot toward digital platforms and prioritize content over hardware, CLMBR's actions underscore the need for adaptability in the face of evolving consumer preferences and economic uncertainties.

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Hannah Ungar
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