Posted on August 04, 2022
Mozilla Corporation, best known for developing the Firefox web browser, laid off 250 employees globally. The pandemic’s toll on revenue also caused the company to close its Taipei operations.
Going forward, Mozilla will shift its focus to new revenue-generating products, such as its VPN service, and other security and privacy products. It plans to reduce its investment in developer tools, internal tooling, and platform feature development.
Once the world’s second-most popular browser, Firefox has seen its market share dwindle over the past decade. Its primary revenue model, search engine ads, is susceptible to an economic downswing that curtails global ad spending. In addition, Firefox’s U.S. revenue comes from a recently-extended deal with Google, making Mozilla financially dependent on its rival.
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