(credit: Jawbone)

It looks like the vacation season is not starting off so brightly for Jawbone. According to TechCrunch, the wearable devices company will lay off about 60 employees, representing 15 percent of its worldwide workforce. Jawbone will also shut down its New York City office and downsize its Sunnyvale, California and Pittsburgh locations as component of a firm-wide “streamlining” of its business.

A company spokesperson told TechCrunch, “Jawbone’s success more than the previous 15 years has been rooted in its capacity to evolve and develop dynamically in a rapidly scaling marketplace. As component of our strategy to develop a a lot more streamlined and successful company, we have made the difficult decision to reorganize the firm which has had an influence on our worldwide workforce.”

The layoffs will have an effect on every portion of Jawbone’s business. No product regions will be closed down as part of the restructuring, even though, meaning that the company will still sell Up fitness trackers, Jambox speakers, and Era headsets.