Around the Net

Smartwatch Startup Pebble Trims Staff 25%

Pebble is letting 40 people go -- that's 25% of its workforce -- because money. It illustrates the parlous state of the smartwatch market, where not even Apple or Samsung can shift the things. Only a few years ago, Pebble Technology Corporation was the darling of the crowdfunding crowd, having raised over $30 million on Kickstarter. But now the company finds it tough to keep the plates spinning. Pebble CEO Eric Migicovsky (pictured) confirmed the layoffs. He implied that VCs are now less keen on funding the smartwatch category.

Read the whole story at Computerworld »

Next story loading loading..