Fitbit to Slash 6% of Workforce as Q4 Earnings Disappoint

Fitbit is set to cut 110 jobs, or about 6% of its global workforce after fourth quarter earnings disappointed, with only 6.5 million devices sold, as quarterly revenue was below the company's guidance. Fitbit shares have dived as much as 13 percent after revealing it will cut anywhere from five to ten percent of its...

Twitter To Cut Hundreds Of Jobs As Losses Mount [REPORT]

According to a new report from Bloomberg, social media giant Twitter is planning on laying off up to 300 people, or about 8 percent of its workforce. These job cuts could potentially be announced before the company reports its third-quarter earnings, and the number of jobs affected could change, Bloomberg said.   A Twitter spokeswoman […]

Samsung Employees Fear Layoffs, Declining Mobile Profits to Blame

Earlier this month, it was reported that Samsung executives have suffered a decline in their take-home salaries amid poor smartphone sales and now, a Reuters report is claiming that the staff at Samsung have never been so anxious ahead of the annual reshuffle, as the company's worst earnings in three years are expected to cost a...