I have not seen this posted on here yet but certainly sounds ominous for Stages.
https://www.dcrainmaker.com/2024/04/stages-cycling-messier.html
https://www.cyclingweekly.com/products/stages-cycling-lays-off-entire-workforce-according-to-report#
It seems that there is some real pain coming in the cycling space in the post COVID era and with the big shift to e-bikes and e-scooters.