Fitbit to lay off 110 employees following 2 acquisitions

Fitbit today published the preliminary results for its Q4 2017 earnings, and the wearable maker expects its revenue for Q4 2017 to be somewhere around $572 million to $580 million. The company actually expected to generate between $725 million and $750 million, but the company, unfortunately, wasn’t able to meet its initial target. And now, it’s firing around 110 of its employees.

The layoff is actually a bit surprising to see, considering Fitbit acquired two other smartwatch makers...

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