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: 3, Insightful) by Common Joe on Monday November 23 2015, @06:07AM
Depends on how close knit the people were. I've been in a small, close knit company before as it was downsizing. You hug your peers. You shed tears. Some people curse management, others don't. Many say "When things pick up, we'll see you again"... but no one really believes that. It's just words to help soften the blow because you know that you won't see that particular set of your work friends again. Lies management feeds you. Lies you feed yourself.
But those lies don't tend to be believed by anyone. Especially IT people who have been around the block. I remember a lot of people who said "We'll stay in touch" on my last day and, of course, that didn't happen. But, for a few select people, I have stayed in touch.