Indoor training platform Zwift has paused plans for the production of a smart bike, with a reported lay-off of over 150 employees.

“Given the current macroeconomic environment, we have decided to scale back our hardware offering, pausing plans to launch a smart bike. As a consequence, Zwift has implemented difficult, yet important changes to the organization of the business. We are grateful for the contributions of all those impacted and have done our very best to support them,” said Zwift director of public relations Chris Snook.