If reports are true, it looks like Nike just laid off 70 to 80 percent of its FuelBand team. The reason for such a move, CNET reports, is huge: Nike reportedly believes its future lies in software — not hardware, like the FuelBand fitness tracking device. Nike has not yet officially announced that it will cease FuelBand production.

Topics:  nike just   cnet    nike s web   venturebeat s   fuelband   nike s   nike reportedly   products   team   software   reports   

 

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