Nike Layoffs Add Fuel to Apple iWatch Rumors

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Layoffs at Nike's FuelBand unit took many by surprise when the news broke Friday, a move that has further fueled speculation that Apple may be working with the sports-apparel maker to develop an iWatch

A CNET report described the first rumblings of trouble at Nike's wearable-tech unit on April 9. Soon after, an anonymous post appeared on Secret, which said much of the FuelBand staff had been dumped; that was followed by another story on Friday that claimed the same

See also: Apple iWatch Concept Combines Nike Fuelband with iOS Apps

But if a follow-up statement from Nike is any indication, reports of the FuelBand's demise could be premature Read more...

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