Fitbit’s Irish arm hiring after cash injection
Over eight million devices were sold in the first six months of this year
Fitbit, the world’s largest fitness wearable devices company, has begun ramping up the hiring process to make Ireland its European headquarters thanks to a substantial cash injection from its parent company, recent accounts show.
Meanwhile, its parent company enjoyed a discount on that cash injection thanks to the plummeting value of the euro against the dollar.
The Irish operation has not yet begun to generate sufficient profits to pay corporate taxes, according to...
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