Osom Products, Inc., the mobile phone company founded by former Essential employees that shut down after releasing just one phone, will shut down this week, after releasing just one phone.
The news comes shortly after Osom's former chief privacy officer sued the company, alleging that it is out of money after its CEO used company funds to pay for personal trips and exotic cars.
During an internal meeting on Tuesday, Osom executives announced their decision to close the company, According to multiple sources Who spoke to Android AuthorityThe report says most of the company's employees will be laid off on Friday, but will receive severance pay and will be entitled to continued medical care.
Later that year, the company partnered with blockchain firm Solana to release a version of the OV1, now called Saga, with a built-in cryptocurrency wallet and other apps that rely on Solana’s blockchain features. Some engineers will reportedly remain at Osom as contractors to help deliver another security update for the Saga smartphone in December and complete the company’s obligations to Solana.
