Pebble is laying off 25% of its employees — that’s 40 pink slips — taking it down to just 80 people. It seems indicative of the smartwatch market’s terrible state.

Previously the darling of the crowdfunding fraternity — it raised over $30 million on Kickstarter — Pebble is finding it hard to keep the plates spinning in 2016. Canadian CEO Eric Migicovsky (pictured) confirmed the layoffs earlier, implying VCs these days aren’t so keen on funding the category.

In IT Blogwatch, bloggers wonder if it’s time to call time on smartwatches. Your humble blogwatcher curated these bloggy bits for your entertainment.

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