Fitbit could layoff up to 10% of its head count

A report published today suggests that wearable manufacturer Fitbit is going to report terrible fourth quarter earnings tomorrow. That could be a clue that sales of fitness bands are tanking. Another clue that Fitbit is suffering tough times is a report that the company is going to lay off 80 to 160 workers. At the top of that range, 10% of the company's 1,600 employees will be out of work. Earlier this month, we told you that Fitbit could be working on an app store with third party apps inside. At the same time, Fitbit would allow its wearable devices to work with such apps.

The hope for ...