Pebble, the company behind the popular smartwatches, will lay off 40 employees this week, or about 25% of its current staff. CEO Eric Migicovsky put the blame for the layoffs on a more difficult fundraising environment, and while the company did raise money, investors have been a little more cautious. Pebble will put more of a focus on health, and will expand availability of its products as it looks ahead. From Tech Insider: Moving forward, Migicovsky said he wants Pebble to focus on the health and fitness aspects of the company`s wearables, which he says most users are interested in. The company will also start selling its products in India next month through a partnership with Amazon. A Pebble spokesperson confirmed to us that the majority of the layoffs were based in the company`s San Francisco office, and that all divisions of the company were affected. `This has been a tough day for Eric and the entire team,` the spokesperson said. In recent months, Pebble has been pu...
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