Mozilla Lays Off 70 as Subscription Revenue Falls Short of Goals
Company commits $43 million to product innovation.
Last week, nonprofit technology company Mozilla announced it would lay off 70 employees because the company failed to reach its goals with new subscription products, reports TechCrunch. Mitchell Baker, Mozilla chairwoman and interim CEO, shared the news with employees in an internal memo. The company had hoped to increase revenue through subscription and non-search-related products. Doing so has taken longer than anticipated, so the company is estimating 2020 revenue more conservatively. In addition, Baker said the company has “agreed to a principle of living within our means” and not spending more than they take in. The laid off employees will receive “generous exit packages and outplacement support.”
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