Jawbone is selling off pieces of its business, reports say - CNET

Jawbone has put its Jambox speaker business up for sale, according to a report Friday from Fortune magazine, citing "multiple sources." The company wants to focus "exclusively on its health and wearables business," the magazine reported.

Later on Friday, Tech Insider -- also quoting uamed sources -- reported that the company has halted production of its Up fitness trackers and sold the remaining inventory at a discount to a reseller.

Jawbone did not immediately retu a request for comment, but told Bloomberg it isn't selling the fitness-tracking business outright.

Jawbone, which has been struggling to compete against companies like Apple and Fitbit, laid off 15 percent of of its global workforce last November. It was also been involved in series of lawsuits against Fitbit, alleging its rival stole trade secrets by poaching employees. In October, a San Francisco judge ordered five Fitbit employees to retu confidential information they took before leaving Jawbone.