Report: Job cuts are coming to Fitbit
According to a new report, leading fitness wearable company Fitbit could lay off 80 to 160 employees. This translates into around 10% of the firm's total workforce (if we consider the higher limit in that range), saving the company somewhere around $200 million.
The company, the report notes, is all set to announce 'disappointing' Q4 results.
Fitbit recently acquired Pebble in a deal worth $40 million. The company intends to launch an app store using assets acquired from Pebble, and is also likely to open up its products to third-party developers. Entering the smartwatch market also seems to be on the cards.
Reader comments
- Guest
- 39k
Well, a few high earning managers could be included too, also bonuses, materials, education, benefits, taxes etc... there are a lot of ways in which a company can spend money on a worker besided the salary.
- Roy
- 43y
Well said. A surge user from early 2015. Honestly there are better fitness trackers available. I really loved the MS Band 2 but the hardware quality is awful. It was replaced 5 times in a year. But then I moved to Fenix 3 HR - a game changer. The bes...
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