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...
Source: http://www.gsmarena.com/report_job_cuts_are_coming_to_fitbit-news-23046.php
