Fitbit’s Irish arm hiring after cash injection

Over eight million devices were sold in the first six months of this year

Barry J Whyte

Chief Feature Writer @whytebarry
13th December, 2015
Fitbit is bulking up its Irish operation with staff and cash

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Hard Station: the strange world of tech embargoes

More Tech Brian Lloyd 3 months ago

Podcast: CWSI on securing remote workers during lockdown working

Podcast: Avaya on improving connectivity through the crisis

Tinkerer tailors a solution for property owners to save on water bills

More Tech Emmet Ryan 5 months ago