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"gewg_" writes:

from the Finnish-or-finished? dept.

The woes continue for Jolla [jolla.com], the Finnish producer of mobile devices and the Sailfish mobile operating system.

Tech.eu reports [tech.eu]

The company just announced [jolla.com] (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 [theregister.co.uk] will be let go.

[...]Earlier this year, the company split in two [techcrunch.com], effectively separating [jolla.com] (PDF) its software and licensing business from its mobile devices business.

Jolla says its Sailfish OS [sailfishos.org] 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.

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