ecobee halts development of lighting line over economic concernsAdditional products may still be on track for an April reveal.
What you need to know
A new report indicates that ecobee has halted development of a connected lighting line.
Recent cuts may have also resulted in layoffs.
Other upcoming products may still be on track for an April reveal.
The impact of the current economic downturn appears to be taking its toll on ecobee, with a new report from betakit indicating that the company stopped development of an upcoming smart lighting line. While ecobee has yet to confirm the report, an apparent internal email has surfaced which mentions an "indefinite hold":
In an email to employees on Monday, obtained by BetaKit, vice president of product Casey McKinnon noted that Ecobee's management and board of directors had made the decision to "put an indefinite hold" on its Lighting product line. "We will not be proceeding with UL (underwriter laboratories) certification, tooling, or launching a line-up of Lighting products this fall as we had...
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ecobee halts development of lighting line over economic concerns
