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Cannondale reduces workforce as part of reorganization

Published April 30, 2024

WILTON, Conn. (BRAIN) — Cannondale has reduced its workforce by "less than 1%" during a company reorganization from a multi-regional to unified global structure, a company spokesperson told BRAIN.

The Pon-owned brand is moving away from regional teams with global design and engineering experts working more closely together, said the spokesperson, who would give no further details.

In 2022, Cannondale announced a new global organizational structure that eliminated regional general managers and leveraged Pon.Bike to enhance operations and growth.

A year earlier, Pon.Bike announced it purchased Dorel Sports, the parent company of Cannondale and other brands.

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