Fitbit lays off more than 100 employees

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.

TOP BUSINESS READS

About the Author