Iconic US brand GT Bicycles has paused new product releases while it sets about downsizing its workforce and considers its future.
There will be staff layoffs made before the end of the year, company director Jason Schiers told Bicycle Retailer and Industry News (BRAIN), but it would continue to trade in 2025.
https://www.cyclingweekly.com/news/iconic-us-bike-brand-pauses-new-releases-as-staff-face-layoffs