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Fitbit discharges 110 people after a disappointing quarter

Fitbit discharges 110 people after a disappointing quarter

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At Fitbit disappear there are 110 jobs due to disappointing quarterly results. From preliminary figures it appears that the company has a turnover turned of between 572 and 580 million u.s. dollars (537 to 544 million euros), while there are 725 to 750 million was expected.

Fitbit makes the quarterly figures next month, and has in a statement lift a tip of the veil will be lifted. The turnover during the year grew by 17 percent. The wearablemaker, however, held note with a growth of 25 or 26 percent.

There are in the previous quarter, according to the first figures of 6.5 million wearables sold by Fitbit. Last year there were more than 23.2 million active users of Fitbit devices.

According to Fitbit was 2016 a tough year for all manufacturers of wearables. The company announces a reorganization that should lead to a more effective and efficient business operations.

Market

Fitbit CEO James Park talks of a slow holiday season, but he expected that the stagnation in growth will be temporary. The redundancies will be in the first quarter of this year.

The company turned according to the provisional figures of last year a turnover of 1.5 to 1.7 billion dollars. That caused a loss of 0.22 to 0.44 dollars per share.

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