It's not looking good. There is significant competitive pressure from Apple on the high end and Xiaomi on the low end. The financials are completely dependent on device sales. There's no significant recurring revenue source. Lots of attrition throughout the company, and small, unannounced layoffs on top of that. The EVP of engineering who was brought in with great fanfare 6 months ago has just left. Most SW/FW jobs are going to Eastern Europe. Throughout the organization there is an over abundance of people with high level titles that their performance doesn't warrant, and that the business doesn't need.
They are growing fast and stable
Answered - IT Security Acct Mgmt and IT Support Specialist (Former Employee) - San Francisco, CA
Cloudy. Very cloudy. Many employees leaving. I would not recommend to my friends.
Answered - Electrical engineer (Current Employee) - San Francisco, CA.
Due to extremely rapid growth in 2016 and an uncertain future for the wearables market, 2017 will be a challenging year for Fitbit as it works to modify it's product scope and audience.
Answered - Manager of Training and Development (Former Employee) - San Francisco, CA