Zwift cancels plans for smart bike devices and announces large number of layoffs

Just two weeks ago, Wahoo announced a round of layoffs to mitigate the decline (or rather normalize) sales of indoor cycling equipment, and before that Peloton had done the same. Now Zwift is following suit with a round of layoffs that sources have identified for over 150 people. However, in addition to this, Zwift is …

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