Jawbone is selling off pieces of its business, reports say
Jawbone has put its speaker business up for sale and has stopped production of its Up fitness trackers, two news sites say.
Jawbone
Jawbone has put its Jambox speaker business up for sale, according to a report from Fortune magazine, which cites "multiple sources."
The company wants to focus
"exclusively on its health and wearable business," the magazine reported.
Later on, Tech Insider -- also quoting unnamed sources -- reported that Jawbone has halted production of its Up fitness trackers and sold the remaining inventory at a
discount to a reseller.
"We aren't commenting on the speculations made in the reports today, but we can say
with certainty that we are not selling our fitness tracker business," a Jawbone spokeswoman said in an email.
Jawbone, which has been struggling to compete against companies like Apple and Fitbit, laid off 15 percent of its global workforce last November. It has also been involved in a series of lawsuits against Fitbit, alleging that its rival stole trade secrets by
poaching employees
In October, a San Francisco judge ordered five Fitbit employees to return confidential information they took before leaving Jawbone
Nawah ooh bad time for the company,i hope they survive.
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