Pebble slashes 25 percent of its workforce as it refocuses on fitness

Mar23

by Sindy Cator on March 23, 2016 at 7:44 pm

Pebble is laying off 25 percent of its workforce and will focus on the health and fitness aspects of its wearable, CEO Eric Migicovsky tells Tech Insider. Though Pebble is a Kickstarter darling, and has raised over $26 million in additional funding over the past eight months, Migicovsky blames a cold fundraising atmosphere in Silicon Valley for the culling of 40 people from his staff. We’ve definitely been careful this year as we plan our products. We got this money, but money is pretty tight these days. Pebble is in this for the long haul. We have a vision where…