Smartwatch manufacturer, Pebble has to let go 40 employees from 120 of their workforce recently due to a ‘tight’ financial situation as it’s CEO, Eric Migicovsky. Despite raising about US$26 million(MYR million) in financing in the past months in addition to a wildly successful US$20 million (MYR Million) kickstarter campaign in the beginning of 2015 Migicosvsky said that “money is pretty tight these days” and claims it the reason for the downsizing. He also claims that the industry outlook is to blame for the downsizing.
If you must know Pebble is one of the earliest manufacturer of the smart watch that is all the hype these days. So before the rise of the two giants of wearable today we see a small manufacturer making smartwatches with their own interface that seamlessly integrates with your everyday life and your smartphones. Their all about simplistic designs and affordability; of course some may argue that these are not the best looking or most desirable devices out there, and we agree. Since the first Pebble that has e-ink screen for its display though they have added new models and diversified their gallery a little bit and we do really like them. Sadly they get quickly overshadowed by the newer smartwatches and wearables that has fitness tracking features and such as the Pebble watch has none of those. Of course Migicosvsky confirmed that they are moving in the direction of health and fitness tracking in their future products. Should you get excited? We are.