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If this goes through, best of luck to everyone from Pebble and Fitbit. Hardware is tough, but we all need it.
Can anyone think of an example where you take two failing tech companies, merge them, and it works out?
Lord why? 40M for engineers who will quit as soon as possible? What is the point? 《Edit》honestly I read the whole article, please explain how this makes sense from a fitbit perspective.
is there data or statistics about this topic? i'm sure someone with access to this data could determine if market impact and recruitment costs would make it worthwhile
~60 engineers and managers retained as part of acquisition. 1 left before acquisition was final. ~15 left before 1 year cliff. ~30 left within 6 months after the cliff. ~15 are still there after 2 years.
There was a company wide layoff a few months after the 1 year cliff. The acquired teams weren't hit as hard, because it was understood that people would leave on their own.
Lord why? 40M for engineers who will quit as soon as possible? What is the point? 《Edit》honestly I read the whole article, please explain how this makes sense from a fitbit perspective.
If this goes through, best of luck to everyone from Pebble and Fitbit. Hardware is tough, but we all need it.
> Hardware is tough, but we all need it. As the 2016 market has shown, "need" is perhaps too strong a word for a smart watch.
Shame. I really liked my Pebble Time, and I was looking forward to buying a Time 2. The pebble is the only smart watch that is still a good watch.
If this goes through, best of luck to everyone from Pebble and Fitbit. Hardware is tough, but we all need it.
Can anyone think of an example where you take two failing tech companies, merge them, and it works out?
'Failing' in what sense?
Lord why? 40M for engineers who will quit as soon as possible? What is the point? 《Edit》honestly I read the whole article, please explain how this makes sense from a fitbit perspective.
Shame. I really liked my Pebble Time, and I was looking forward to buying a Time 2. The pebble is the only smart watch that is still a good watch.
You should try a Garmin.
1. Others can't acquire and sue them
2. They can sue others if needed
Other than IP, it's hard to justify their spend in acquiring the company (they already have hardware and software/app).