Nike is set to close down its wearables hardwear plans, with most of the team responsible for the creation of the FuelBand fitness tracker let go.
According to CNet, who broke the news, 55 people have been fired, and it is not sure how many of the rest of the team have been recruited to join other divisions of Nike.
“As a fast-paced, global business we continually align resources with business priorities,” Nike spokesman Brian Strong said in an email. “As our Digital Sport priorities evolve, we expect to make changes within the team, and there will be a small number of Read full story ›
Source: The Drum
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