Mobile OS Maker Jolla To Cut Half Its Staff, Restructure Its Debt After Funding Stalls

 Finnish alternative mobile OS startup Jolla is facing the situation startups dread the most: running out of financing to keep the business going in the way they’d like. Today the Sailfish OS maker said it is being forced to adjust its operations after failing to close a €10 million ($10.6M) Series C round within the required timeframe to keep up with its outgoings. Read More

Source: TechCrunch http://j.mp/1MZNrOI