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
In Other News
1
Italian restaurant in Wittenberg neighborhood announces opening date...
2
Miami Twp. industrial/office park to add flexible space market lacks
3
CareSource, Central State partner to develop more community health...
4
EPA to limit toxic ‘forever chemicals’ in drinking water
5
Telehealth here to stay after pandemic growth
About the Author