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The woes continue for Jolla, the Finnish producer of mobile devices and the Sailfish mobile operating system.
Tech.eu reports
The company just announced (PDF) that its latest financing round--which was scheduled to conclude at the end of this month--has been postponed indefinitely.
Jolla says it needs to "adjust its operations accordingly", which means it will temporarily lay off a big part of its staff, starting in December. The Helsinki-based company has also filed for a debt restructuring program in Finland to stay afloat.
[...] Reportedly, half of Jolla's 100 employees will be let go.
[...] Earlier this year, the company split in two, effectively separating (PDF) its software and licensing business from its mobile devices business.
Jolla says its Sailfish OS has "reached commercial maturity" and is ready to be licensed to commercial partners, primarily other device manufacturers.
[...] Antti Saarnio, chairman and co-founder of Jolla, [...] remains convinced that Sailfish OS is "worth fighting for" and believes Jolla can still become a profitable venture, hence the corporate restructuring program.
(Score: 2) by Runaway1956 on Sunday November 22 2015, @08:58PM
This all saddens me. I had high hopes for them. They told a nice story, and they had pretty devices. I hit their site twice, thinking real hard about buying in, but I didn't click the button because there was some nonsense about only shipping to the EU at the time.