Fitbit could lay off up to 10% of its workforce

Sluggish Q4 performance leads to layoffs at Fitbit.

Wearable manufacturer Fitbit could lay off 5% to 10% of its workforce, with the decision impacting 80 to 160 workers. According to The Information, Fitbit will report disappointing fourth quarter earnings tomorrow, and undertake a reorganization to save up to $200 million in operating costs.

The lacklustre financial results are blamed on a sluggish market, with the overall wearable segment seeing waning interest from consumers. Fitbit...

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