Wearable technology news isn’t great for everyone, as Jawbone lays off workers

Jawbone Up wearable technology fitness tracker

In an industry that is facing a rapidly growing amount of competition, the fitness tracker maker is letting people go. Wearable technology device maker, Jawbone, has recently announced that it will be shutting down its entire New York office and, in doing so will be laying off 15 percent of its total workforce. The company is facing industry consolidation and has responded by taking this step to reduce costs. The wearable technology company is based in San Francisco. In this move, it has cut back its number of employees by…

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