Stratrix
On the Record · Fitbit

Fitbit layoffs, on the record

Every job cut, severance charge and restructuring Fitbit reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 1,749 to 1,684.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20171,749December 31, 2017
10-K for 20181,694December 31, 2018
10-K for 20191,684December 31, 2019

Job cuts, severance and restructuring

  1. Our summaryAnnounced cost-efficiency measures and a reorganization that included a reduction in workforce, affecting about 6% of the global workforce; the reorganization was completed in the fourth quarter of 2017. Affected: 110 employees

    Word for word“This reorganization impacted approximately 110 employees, or approximately 6% of the Company’s global workforce.” 10-K for 2017

  2. Our summaryThe company recorded restructuring charges in 2017 and completed the reorganization in the fourth quarter of 2017. Cost: $6.4 million in total restructuring expenses

    Word for word“The Company recorded $6.4 million in total restructuring expenses, substantially all of which were severance and related costs, in the first quarter of 2017.” 10-K for 2018
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring chargesCash paid for restructuring
2017-12-31$6.4 million$5 million
2018-12-31$6.4 million$5 million

Fitbit filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Fitbit’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.