Tuesday 31 January 2017

Fitbit to Lay Off 110 Employees


The company*is planning cuts, warning that Q4 earnings will be weak. Fitbit released a preliminary earnings report for last quarter today, and the results don’t look too swell. The digital health company has been leading the wearable market for several quarters, but are now reporting a*“softer-than-expected” demand for their products during last year’s critical holiday...
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