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http://www.engadget.com/2016/03/23/pebble-cuts-25-percent-of-staff/



It's not easy being an indie smartwatch maker in a sea of tech giants. Pebble CEO Eric Migicovsky has revealed to Tech Insider that his company is cutting 40 jobs, or 25 percent of its workforce, this week. Simply put, the "money is pretty tight" -- while Pebble has raised $26 million over the past eight months, the investment cash isn't as forthcoming as it has been in the past. Migicovsky is quick to stress that Pebble is in it "for the long haul," though, and has an idea of where wearable tech is going within 5 to 10 years.

How well Pebble is faring in the market isn't clear, though, and that's what matters in the long run. The firm mentioned that it sold over 1 million smartwatches by early 2015, but that was before both the launch of its Time watches and the arrivals of big competitors like the Apple Watch and most of the current Android Wear roster. The startup has to convince both you and would-be investors that it can survive in such a crowded market, and that's no mean feat when its rivals are much, much larger.

Update: Pebble tells us that Tech Insider took the quote out of context -- specifically, the CEO was referring to money from Silicon Valley venture capitalists being "pretty tight." This doesn't change the crux of the story.http://www.watchfreeks.com//www.pinterest.com/pin/create/extension/
 

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Interesting read. I think a lot of companies are struggling with the smartwatch niche. Frederique Constant's CEO recently said that he thought Tag's foray with the Connected model was a mistake. Essentially he said it was the same as all the other Android Wear choices, but for a lot more money. Absolutely right in my opinion. On the other hand, Pebble seems much more at home in this market. They may have cut staff now, but as the tech evolves I think the market share will pickup. Pebble will not be going anywhere, but it could take tears for this market to really hit it's stride.
 

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Interesting read. I think a lot of companies are struggling with the smartwatch niche. Frederique Constant's CEO recently said that he thought Tag's foray with the Connected model was a mistake. Essentially he said it was the same as all the other Android Wear choices, but for a lot more money. Absolutely right in my opinion. On the other hand, Pebble seems much more at home in this market. They may have cut staff now, but as the tech evolves I think the market share will pickup. Pebble will not be going anywhere, but it could take tears for this market to really hit it's stride.
If you look at the wearable tech space, it is actively being pursued. Fossil, while considered a fashion brand to many here, recently bought Misfit to incorporate with their product.

Fitbit came out with Blaze smart watch version of its device and is focusing on the health aspect of it.

Pebble looks more and more to be the odd company out. With minimal resources, they need to quickly find something to focus on that is marketable.
 

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If you look at the wearable tech space, it is actively being pursued. Fossil, while considered a fashion brand to many here, recently bought Misfit to incorporate with their product.

Fitbit came out with Blaze smart watch version of its device and is focusing on the health aspect of it.

Pebble looks more and more to be the odd company out. With minimal resources, they need to quickly find something to focus on that is marketable.
Agreed, although a lot of companies (both tech and traditional watchmakers) are struggling to figure out how best to tackle the smartwatch. Some like Tag are releasing actual smartwatches, while others like Tissot are incorporating notifications and other "smart" elements with an analog face. The jury is out on whether either (or both!) of these will payoff in the long run.

I think smartwatches as a whole still need to be refined for more practical daily use cases before the two industries really start to blend. Larger battery capacity, smaller components, and sharper displays will go a long way to speeding this up.
 

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Anyone read a theft ring has hit Baselworld?
Millions of dollars in watches GONE!!!!
Who was doing security for Baselworld?
The Keystone Kops? Who'd a thunk it could
happen?

Lou Snutt
Not sure how relevant the story is to this particular thread? :)

Also I had read that diamonds were stolen, not watches. Thought it was an April Fool's joke tbh but the publishing dates are March 30 or 31 so I guess it's legit.
 
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