Pebble is laying off 25 percent of its staff
Pebble is laying off 40 employees, or about 25 percent of its staff. In a conversation withTech Insider revealing the layoffs, Pebble CEO Eric Migicovsky suggested the cuts were necessary because of a lack of funds. "Money is pretty tight these days," he says.
Venture capital firms are in a slowdown right now, but Pebble has managed to raise some money.
http://izoutlet.com/2016/03/pebble-laying-percent-staff/
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