Precor is all about the products it offers - they are excellent and it has a worthy mission: helping people live the lives they desire.
The emphasis at Precor is on meeting business objectives and approach to employees: care for them, professional development, opportunities for career advancement, come a far-distant second. You are expected to adhere to the Precor Creed - if you don't exhibit characteristics that are in line with it, you won't like being there. However, living the Creed has become a lever that senior leadership can now use to take away employee benefits that hurt morale. They figure that if you believe in it, the other things don't matter. They may not be significant when looked at individually, but they all add up to telling a story of profits before people.
It's unfortunate. I really loved my job there and hate to witness what's happening.