19 Sep

Nautilus lays off about 30 employees in Vancouver elsewhere

first_imgNautilus Inc. laid off about 30 employees Tuesday as the company followed through on plans announced to investors last month.That represented a staff reduction of about 7 percent for the company that had nearly 500 employees at this time last year.“This is the first action of this type in nearly 10 years,” says a statement from John Fread, Nautilus director of global marketing communications. The reductions came from various departments at its Vancouver headquarters as well as other Nautilus locations, Fread said, including customer service, IT, product development, operations and marketing.“We believe we’re now positioned to work more effectively with our partners, streamline operations, and focus on product development so we can continue delivering innovative fitness solutions to our global markets,” Fread’s statement says.In mid-January, Nautilus issued a statement to investors saying its fourth-quarter results would fall far below projections. The announcement was made in advance of the company’s audited fourth-quarter and year-end results, which will be announced Feb. 25.last_img read more