Philips Hue has been focusing on the smart product market and automation since its humble beginnings. As its line of smart lights and systems expanded, it decided to create Signify, a sister company to spearhead the division. Signify has since become associated with everything from automated lamps to track lighting. However, it seems that even the increasing interest in smart home automation isn’t going to be enough to sustain Signify — the Philips Hue spinoff is preparing to drastically reduce its budget in the New Year.
