While Fitbit currently holds top spot in the wearables market, not everything is going to plan. In its fourth quarter financials, the company said today that it didnt grow nearly as much as it had anticipated, which means it will introduce a range of cost-cutting measures to help get things back on track. At the top of the list is confirmation that Fitbit will lay off 110 employees, which equates to around 6 percent of its global workforce.
In the previous three months, Fitbit…Read more
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