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
- 39kk
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
- 43yu
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...
- Hotkolbas
- 7tia
Fitbit did make the smartwatch world known but like all good things at the time they just stood form and watch the world pass by. Given the state of all smart watches they have all the options of a fitbit and much more. I like my ugly duckl...
Tip us
883k
142k 87k
355k
RSS
Log in
Login with
Sign upFacebook Google