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ECT News Community   »   E-Commerce Times Talkback   »   Re: Hard-Pressed Pebble Sheds 25 Percent of Workforce



Re: Hard-Pressed Pebble Sheds 25 Percent of Workforce
Posted by: Richard Adhikari 2016-03-30 06:24:57
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Pebble -- once viewed as the little smartwatch company that could -- last week cut its worldwide workforce by 25 percent, according to news reports. That's reportedly about 40 people, but actual figures are hard to come by because Pebble is privately held. The company has raised $46 million, but CEO Eric Migicovsky blamed the layoffs on the difficulty of raising funds in Silicon Valley. "Pebble was an early innovator but always had an uphill battle to take on the big boys of consumer electronics," noted Cliff Raskind of Strategy Analytics.


Re: Hard-Pressed Pebble Sheds 25 Percent of Workforce
Posted by: famullar 2016-04-02 07:33:42 In reply to: Richard Adhikari
In mounting an actual response, an executive team will likely confront conflicting points of view about what actions are necessary and appropriate using the murky information available. In the case of the fictional retailer, the head of PR and communications, along with corporate counsel, lobbied for shutting down the company’s website to mitigate reputational and legal risk until the source of the breach could be identified and the damage contained. Meanwhile, the CFO was understandably concerned about the devastating short-term financial implications of that action, while the CISO and CIO were in the hot seat to investigate their own operations—and those of the mobile platform vendor suspected as the source of the data breach—and take corrective action to stanch the damage.

Over the course of the 80-minute blitz exercise, the group members quickly came to realize the many difficulties their organizations are likely to encounter as a cyber crisis unfolds, and the value of thoughtful planning and practice in:

increasing an organization’s understanding of its cyber incident response plan;
allowing likely cyber incident responders to practice roles in a safe environment;
exposing missing cyber incident response roles, data, and controls;
building consensus and a shared vision; and
increasing probability of success if/when faced with a similar event.
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