Jawbone to cut 15% of workforce

Jawbone, the maker of the Jambox speaker and variety of fitness trackers, confirmed Friday it will lay off 15% of its global workforce.

In a statement Friday, Jawbone says the cuts were made to create a more "streamlined and successful" business.

"We are sad to see colleagues go, but we know that these changes, while difficult for those impacted, will set us up for even greater success," said Jawbone in a statement.

This isn't the tech company's first layoffs this year. In June, according to The Information, Jawbone cut 20 employees as part of a restructuring.

The company is known for its line of Jambox speakers and Up fitness trackers.

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