From PC Mag: The maker of Firefox, Mozilla Corporation, is laying off about 70 employees on sagging revenues.
The company's latest products, which focus on paid subscriptions, have taken Mozilla longer to develop and ship than it originally anticipated. This has caused revenues to come in under projections, Mozilla's executive chairwoman Mitchell Baker told employees in an email, which was obtained by TechCrunch.
"Given that, and all we learned in 2019 about the pace of innovation, we decided to take a more conservative approach to projecting our revenue for 2020. We also agreed to a principle of living within our means, of not spending more than we earn for the foreseeable future," Baker reportedly said.
The paid subscription products include Mozilla's attempt to create a VPN service, the Firefox Private Network. But for now the upcoming $4.99 service is still in beta testing, and can currently only be joined via a waitlist. In recent months, the company has also teased other paid products, including online cloud storage and an ad-free news subscription service. This occurs as Mozilla has been struggling to capture the same revenue as it did in years past.
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