Austin-based fitness company F45 to lay off dozens of workers

Fitness franchise company F45 Training, which is based in Austin and has attracted high-profile investors and partners, is preparing to lay off about 80 workers nationwide, according to documents filed with the state.

The job cuts, which will affect about 30 employees in Austin, were reported by the company in a WARN letter sent to the Texas Workforce Commission. A WARN letter, which stands for Worker Adjustment and Retraining Notification Act, is a federally mandated notice employers must provide to state governments in the event of major layoffs.

The job reductions come as the Australian-founded company is facing fall outs on various fronts. After founding F45 Training in 2013, CEO and chairman Adam Gilchrist has stepped down. Ben Coates will serve as interim CEO until a permanent CEO is appointed. Gilchrist will remain on the board as a director and the board of directors will appoint a new chairman, according to the company.

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