You are here

Fitbit cutting 6% of workforce

BT_20170201_SYFIT1_2718496.jpg
Fitbit has struggled to maintain momentum for its watches, which were initially popular as a way to track steps and encourage exercise, but then quickly relegated to gadget status.

New York

FITBIT Inc will eliminate about 110 jobs, or 6 per cent of its workforce, and said fourth-quarter results won't meet analysts' estimates amid declining demand for its fitness trackers.

Fitbit expects to report that it sold 6.5 million devices for the quarter ended Dec 31

sentifi.com

Market voices on:

Powered by GET.comGetCom