Fitbit reportedly plans to layoff as much as 10% of its workforce, courtesy of weak Q4 earnings

The fitness band and health-tracking ecosystems have been booming considerably when compared to smartwatches. As per the recent IDC report, Fitbit continues to dominate the wearable market with a massive 23 percent market share. But, the company is struggling to keep its financials in check. Thus, the company’s fourth quarterly earnings report will not only see it disclose disappointing numbers but also lay off up to 10 percent of its staff as well.

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