Fitbit lays off more than 100 employees

Credit: DaytonDailyNews

Another company has announced layoffs in the first month of 2017.

Fitbit, the California-based activity tracker company, said it is reorganizing its business structure and will lay off 110 employees — about six percent of the company's workforce. The cost of these reorganization efforts is expected to be approximately $4 million in the first quarter of 2017, according to the company.