Traeger to Reduce their Workforce by $8 Million, and Other Reductions

Project Gravity is a cost reduction and optimization strategy that Traeger developed to deal with economic headwinds and shrinking margins from tariffs. They performed a reduction in force earlier this year as Phase 1 of their Project Gravity plan.

As part of other consolidation activities, they plan to reduce their workforce by and additional $8 million as part of Phase 2 of the plan. The reduction was approved by their board of directors.