(credit: Jawbone)
It looks like the holiday season is not starting off so brightly for Jawbone. According to TechCrunch, the wearable devices company will lay off about 60 employees, representing 15 percent of its global workforce. Jawbone will also shut down its New York City office and downsize its Sunnyvale, California and Pittsburgh locations as part of a company-wide "streamlining" of its business.
A company spokesperson told TechCrunch, "Jawbone’s success over the past 15 years has been rooted in its ability to evolve and grow dynamically in a rapidly scaling marketplace. As part of our strategy to create a more streamlined and successful company, we have made the difficult decision to reorganize the company which has had an impact on our global workforce."
The layoffs will affect every part of Jawbone's business. No product areas will be closed down as part of the restructuring, though, meaning that the company will still sell Up fitness trackers, Jambox speakers, and Era headsets.
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