Almost a quarter of the company's employees Pebble lost their jobs.
Pebble Company reduced about 25% of its staff. Without work there were 40 people. CEO Eric Midzhikovski explained that such a step they went due to lack of funding. He said that venture capitalists are now harder to part with their money. Curiously, Pebble itself over the past eight months, earned $ 26 million and increase its revenues from Amazon will launch joint sales Pebble smart watch, scheduled for April 2016.
Eric Midzhikovski noted that customers want to use the Pebble smart watch to keep track of their health. In this regard, the company will focus on developing new capabilities related to health and fitness.
By the way, a certain threat to the Pebble of the company is Apple Inc. and its Apple Watch smart watches.