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Specialized Culls 8% of its Workforce

Specialized announced Wednesday it was laying off 8 percent of its workforce in what the company called a “transformation.” The layoffs affect the entire company globally, including company-owned retail stores in the United States and abroad. Here is the press release straight from the source: Morgan Hill, CA, January 11th, 2023 – Over the last three years, the industry has changed at an incredible pace and shown that cycling is more powerful than ever. It’s clear the time has come for transformation and shifts for the future. This past week, Specialized made the incredibly difficult decision to say goodbye to

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