Stages Cycling lays off entire workforce

April 23, 2024

Stages Cycling is seemingly the latest casualty of the ongoing industry crisis with sources close to the company indicating it laid off all its staff last week, as the company appears to edge closer to ceasing operations. The company is synonymous with power meters and had a hugely successful range of indoor bikes, but material sourcing, cashflow, and reliance on struggling health club customers seem to have compounded to send the company over the brink.

Multiple sources indicate the layoffs follow a lengthy period of uncertainty in the company as it battled first with a pandemic-related and significant – almost overnight – drop in demand coupled with resulting and ongoing cash flow and supply chain issues. Escape