Barnes & Noble, whose Nook e-reader once seemed to be the company's best shot at survival, said today that it will break Nook into a separate public company. The move comes after disappointing Nook sales, especially compared to Amazon's Kindle. [The New York Times]
Business Insider reports that Barnes and Noble has laid off its Nook hardware engineering team in a drastic effort to return the product and the company to some semblance of a competitive position in the ereader/tablet market. B&N confirmed layoffs but declined to comment on their nature.