Osom Products Inc. — the mobile phone company founded by former employees of Essential, which shut down after releasing a single phone — is shutting down this week, having released a single phone.
The news comes shortly after Osom’s former chief privacy officer sued the company, claiming that it was out of money after its CEO used business funds to pay for personal trips and exotic cars.
During an internal meeting on Tuesday, Osom executives announced their decision to shutter the company, according to multiple sources who spoke to Android Authority. The report said most of the company’s employees will be laid off on Friday but will receive severance pay and be eligible for continued healthcare.
After this article was published, we…