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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