WTF. They had $1b banked a few days ago. This is a bit reactionary perhaps?
this post was submitted on 05 Nov 2024
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They're likely preparing for their funding from Google to be cut. Having a lot of money in the bank doesn't matter if your income is lower than expenses, since you'll run out of money eventually.
Expecting millions to be cut is still extreme when you have a fucking billion in the bank.
They get around $500 million per year from Google, so $1 billion is just two years worth of that. 86% of Mozilla's revenue comes from that Google deal.
well you see. all the cool kids are laying off staff and Mozilla wants to hang out at their pool next summer.
Oh geez the leadership is making more mistakes.
Not necessarily. If they're low on cash then cutting unnecessary costs is not unreasonable. What is Mozilla's core goal? Perhaps the "advocacy" and "global programs" divisions weren't all that relevant to it, and so their funding is better put elsewhere.
Let's wait and see how this funding won't be talked about ever again and later on the CEO coincidentally gets yet another raise
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