Austin-based fitness company F45 is laying off dozens of workers

Austin-based fitness franchise F45 Training is preparing to lay off about 80 workers, according to documents filed with the state.

F45 Coaching, the Austin-based health franchise that has attracted distinguished buyers and companions, is making ready to put off about 80 employees nationwide, in keeping with paperwork filed with the state.

The job cuts, which is able to have an effect on about 30 workers in Austin, have been reported by the corporate in a warning letter despatched to the Texas Manpower Fee. A letter of warning, which stands for Employees Adjustment and Retraining Notification Act, is a federally obligatory discover that employers should present to state governments within the occasion of serious layoffs.

The job cuts come because the Australia-based firm faces issues on numerous fronts. After founding F45 Coaching in 2013, CEO and Chairman Adam Gilchrist resigned. Ben Coats will function interim CEO till a everlasting CEO is appointed. Gilchrist will stay on the board as director and the board will identify a brand new chairman, in keeping with the corporate.