Jawbone Lays Off 15% of Employees Amid Heated Rivalry in Wearables - Twice

Jawbone Lays Off 15% of Employees Amid Heated Rivalry in Wearables

Jawbone is shutting its New York office and letting go of 15% of its employees as the consumer electronics maker faces industry consolidation. San Francisco-based Jawbone has laid off about 60 employees, including reducing operations in Sunnyvale, Calif., and Pittsburgh, Penn., according to the company.
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An influx of wearables competitors  is starting to take its toll on some manufacturers. Last week, Fossil  agreed to acquire wearable fitness tracking startup Misfit Inc. for $260 million, according to The Wall Street Journal.

Jawbone is shutting its New York office and letting go of 15% of its employees as the consumer electronics maker faces industry consolidation. San Francisco-based Jawbone has laid off about 60 employees, including reducing operations in Sunnyvale, Calif., and Pittsburgh, Penn., according to the company.

Read More at The Wall Street Journal

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