Coda Death Watch?

Bad news leaking from Coda, according to inside sources off the record, Coda has laid off a large portion of its employees.

The other day, my employer hired someone who was formerly working at Coda. I heard that he said that things were "tough" over at Coda.

Now, Plugincars.com has information that Coda has laid off around 50 employees, which represents something like 50% of their employees.

Is the Coda about to go the way of the Aptera?