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Pebble Lays Off 25% of Its Staff, Smartwatch Bubble Set To Burst? (computerworld.com)

Posted by BeauHD on from the time-to-ditch-the-e-paper-display dept.

tripleevenfall writes: Pebble is laying off 25% of its employees -- that's 40 pink slips -- taking it down to just 80 people. It seems indicative of the smartwatch market's terrible state. Previously the darling of the crowdfunding fraternity -- it raised over $30 million on Kickstarter -- Pebble is finding it hard to keep the plates spinning in 2016.
The layoffs were confirmed by Pebble's CEO Eric Migicovsky, who implied that venture capitalists are now less keen on funding the smartwatch category.

2 of 207 comments (clear)

  1. Huh? Was there a smartwatch bubble to begin with? by Anonymous Coward · · Score: 5, Insightful

    I'm not sure how a product that hasn't received widespread adoption and hasn't been promoted that much could be considered a bubble...

  2. Submitter can't math by voights · · Score: 5, Insightful

    Wouldn't that necessarily take it down to 120 people from 160?