Mega Aus-Founded Gym Chain F45 Has Experienced A Massive Stock Market Crash Lost Its CEO

Mega gym chain F45 has lost its CEO and let go of a bunch of employees leading to its shares experiencing a massive drop on the New York Stock Exchange. Lighting a candle next to my dumbbells as we speak. According to The Sydney Morning Herald, shares dropped to US$1.35 (around AUD$1.93) on Wednesday. That’s a fall of around 60 per cent, which is certainly an oof. The news came after co-founder and CEO Adam Gilchrist

News.com.auSMHRob Deutsch

“Never in my wildest dreams could I have imagined this. When I exited, and sold out of F45, I left a healthy, phenomenal, beast of a business,” he said.

“All the way from the company culture to the heart beat of the business… The workouts. F45 was special.”

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He also specifically shouted out the staff who’d lost their jobs, as well as franchisees.

“I genuinely hope all of the 110 layed-off staff, find happiness and opportunities elsewhere,” he said. 

“For those OG’s, I want to personally thank you for your blood, sweat and tears. You are the reason F45 was special. Time has proven that.”

The company’s CFO Chris Payne said the sitch wasn’t the end of F45 though. Breathe a sweaty sigh of relief.

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