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Fitness Wearable Maker Fitbit To Cut Six-Percent of Its Staff Following a Disappointing Q4 (techcrunch.com)
As anticipated, wearable leader Fitbit kicked off the week by announcing a six-percent reduction in global work force, following disappointing fourth quarter financials. From a report: A preliminary statement issued this morning details the loss of 110 jobs, as part of a "reorganization of its business" designed to "creat[e] a more focused and efficient operating model." The news follows what has been a disappointing several months for the wearable space at large, impacting even Fitbit, the dominant player in the space. As rivals like Jawbone grapple with the future and the smartwatch space looks dismal, however, the Fitbit has been making acquisitions, including the once promising smartwatch pioneer Pebble, which met with its own struggles as the year drew to a close. The financials detail 6.5 million devices sold for the fourth quarter of last year, with quarterly revenue and annual revenue growth both falling below the company's guidance range.
6% = 110, how many employees do they need?
My experience with digital fitness devices is that they suck. I run the same route about three to four times a week, and usually in roughly the same amount of time (give or take a minute or two). I get bizarre differences in distance and pace that could only be accounted for by either the earth beneath my feet expanding or contracting, and possibly entering some sort of temporal distortion field.
The world's burning. Moped Jesus spotted on I50. Details at 11.
To go from your cubicle at Fitbit to the front door security escorts you to.
it's for the data idiots who think they need months of data to analyze their workouts to get better. no, just push yourself