1.63 MariaDB ditches products and staff in restructure, bags $26.5M loan to cushion fall

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MariaDB ditches products and staff in restructure, bags $26.5M loan to cushion fall
Date: 2023-10-13 [theregister.co.uk]

Strategic DBaaS and distributed back end jettisoned after years of promotion

MariaDB is ditching strategic products and cutting 28 percent of the workforce as it struggles to overcome the financial challenges its faced since floating on the stock market. The company also announced access to a new $26.5 million loan facility.
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