The publication has also revealed that Fitbit has begun sending out job offers to 40 percent of the smartwatch company's software engineers. Employees who don't get an offer will get severance packages, while those who do and who choose to work for Fitbit will move to its HQ in San Francisco. In addition, the stocks the employees own will now go towards paying debts and issuing refunds to campaign backers. Bloomberg's sources said it's now up to Fitbit whether to use the Pebble brand. The indie smartwatch company's devices might really be gone for good, though. When The Information first reported on the deal, it said Pebble's devices will be phased out after the acquisition.