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Fitbit layoffs on the way after disappointing Q4 results

01/31/201701/30/2017 John Montgallo

The holiday season was reportedly not as good as hoped for the fitness tracker and smartwatch maker. Fitbit layoffs appear to be on the way despite the fact that the company maintains its position at the top of the wearable technology market. The company has announced that its fourth quarter results for 2016, though strong, missed Wall Street’s predictions. As a result of those results, it will be laying off between 5 percent and 10 percent of its total workforce. The company’s board voted that the Fitbit layoffs were among…

Fitbit wearable technology sales have tripled

11/12/201511/11/2015 Julie Campbell

Fitbit wearable technology fitness tracker

Earnings from wearables have been heading ever skyward for the company. Sales of Fitbit wearable technology devices have been taking off and the data released about the quarter that came to a close at the end of September only provided further proof to that claim, as it showed that the sales were actually three times higher than they were during the same quarter the year before. In the third quarter of 2014, the sales had reached around $152.9 million, but that was only a third of 2015. In the third…