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

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.