Pebble feels the pressure from competition

“Pebble head Eric Migicovsky has confirmed that the group will be saying goodbye to around a quarter of its workforce due to financial challenges.

Speaking to Tech Insider about the move, Migicovsky said that Pebble has managed to raise around $26 million over the last eight months, adding that the group has done well from private investors.

Despite Pebble’s seemingly high numbers, the company head has emphasized how important being careful with product planning has proven recently. Even though money is coming in, Pebble has had to let go of 40 employees.”

Not a good day for Pebble. I do wonder if they have the market collateral to compete against Apple, Samsung, Jawbone, Fitbit and others.

More at Talk Android.

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