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Fitbit cutting 6% of workforce

Published Tue, Jan 31, 2017 · 09:50 PM
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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 ende…

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