Pebble is laying off 40 employees and refocusing its efforts towards heath and fitness

It appears Pebble hasn't been doing all that great lately, as evident by the company's latest batch of lay-offs. CEO Eric Migicovsky announced that he is letting go a total of 40 employees, which might not sound like much, but actually constitutes 25% of the Pebble workforce.The fact is that despite its popularity, Pebble is still little more than a start-up company and still relatively small.