Fitbit to cut 6% of its workforce following disappointing Q4

Fitbit had a pretty rough Q4 2016.

Based on preliminary financial info, which will be detailed in full during its earnings call later today, the company expects to report a total revenue for Q4 2016 in the range of $572 to $580 million, compared to the forecasted $725 to $750 million. For the full year of 2016, Fitbit expects annual revenue growth to be around 17%, which is way off from the forecasted growth of 25% to 26%.

See also:Which Fitbit is right for you?2 weeks ago

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