Fitbit lays off more than 100 employees

Credit: DaytonDailyNews

Business
By Kara Driscoll
Jan 30, 2017
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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.

» RELATED: Abercrombie & Fitch eliminates 150 positions

Fitbit is one of several companies to announce lay-offs to happen in the first part of the year. Just last week, Abercrombie announced it would eliminate 150 positions at its headquarters in New Albany, Ohio.

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About the Author

Kara Driscoll