Firefox browser developer Mozilla lays off 60 employees
Mozilla will also shut down Hubs, the 3D virtual world it launched back in 2018, and scale back its investment in its mozilla.social Mastodon instance.
Mozilla, the developer of Firefox browser, is reportedly laying off 60 employees, as the company plans to scale back its investment in several products.Mozilla said in a memo that it will focus on bringing “trustworthy AI into Firefox” and to do so, it will bring together Pocket, Content, and the AI/ML teams supporting content with the Firefox Organisation, reports TechCrunch.
“Given the reduction in staffing and lower headcount budget moving forward in 'MozProd', some roles have been consolidated in the People and other support services orgs so that we are offering the right level of support to our product portfolio,” the company said in the memo to employees.
Mozilla will also shut down Hubs, the 3D virtual world it launched back in 2018, and scale back its investment in its mozilla.social Mastodon instance.
“The actions we're taking will make this strategic correction, working through a much smaller team to participate in the Mastodon ecosystem and more rapidly bring smaller experiments to people that choose to live on the mozilla.social instance,” the company added.
The company is reducing investment in market segments that “competitors crowd and where it is challenging to deliver a differentiated offering”.
There will be no changes to legal/policy, finance and business operations, marketing, or strategy and operations, it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long will it take to build Rs 6 crore corpus with Rs 6,000, Rs 10,000 or Rs 15,000 monthly investments?
Highest Senior Citizen FD Rates: Check what banks like SBI, BoB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-yr, 3-yr, 5yr term deposits
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
11:59 AM IST