Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
April 19, 2014 06:10 am GMT

Nike Fires FuelBand Team in Move to Ditch Wearables

Ascani_nikefuel-11

Nike made an abrupt exit from the crowded wearable technology market Friday. The sportswear giant fired much of the team responsible for the development of its FuelBand and shelved plans for a new version of the fitness tracker, CNET reports

Up to 55 people from Nike's 70-member hardware team were let go from the company Thursday. In an email to CNET, a Nike spokesperson confirmed "a small number of layoffs." But added: "We do not comment on individual employment matters."

See also: 7 Incognito Wearables You'd Never Guess Were Gadgets

News of the impending firings appeared on the anonymous social app Secret last week Read more...

More about Nike, Hardware, Wearables, Small Business, and Tech

Original Link: http://feeds.mashable.com/~r/Mashable/~3/yzN1LwpF1eA/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable