Fitbit could layoff up to 10% from the head count

A report published today suggests that wearable manufacturer Fitbit is going to report horrible fourth quarter earnings tomorrow. That could be a clue that sales of fitness bands are tanking. An additional clue that Fitbit is suffering tough times is a report that the business is going to lay off 80 to 160 workers. At the top of that range, 10% of the company’s 1, 600 employees will be out of work. Earlier this month, we told you that Fitbit could be working on an app store along with third party apps inside. At the same time, Fitbit would allow its wearable devices to work with such apps.

The hope for…

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