Wearable devices

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...