, MariaDB CMO Franz Aman said the company was still hiring, but a number of job losses had also been necessary. “It's absolutely no secret that, like companies in tech, we need to be super prudent, and we need to be fiscal responsive. We also had a look at our headcount plan, and we had to make sure that we were doing the right things. We had a reduction in workforce… so have most other tech companies: everyone's concerned about profitability, cash position.
“The moment auditors think there could even be the shred of opportunity that… there isn't enough money for operation, you have to add the going concern as a risk factor. It's a risk factor, like many others, and we’re in pretty good company there. If you look at the history of going concerns, IBM, Apple, Ford, and GM, they've all had a ‘going concern’ at some point in time in their company’s evolution,” he said.
Nonetheless, through its D-found funding combined with the SPAC flotation the company raised $120 million cash: “more than we had in the history of MariaDB,” Aman said.