As more and more companies develop smartwatches, we’re starting to see which will stick around and which will fall behind. Pebble is hoping that it could become one of the former companies—but it’s cutting costs to stay afloat. In an interview with Tech Insider, Pebble CEO Eric Migicovsky revealed the company would lay off 40 employees, or about 25 percent of its entire workforce.
Migicovsky was slightly cryptic when explaining the reason for the layoffs, but he did say that Pebble would be carefully considering how to spend its money over the next year.
