US-based OLED inkjet printing developer Kateeva announced a massive layoff plan - the company will slash its staff by 144 employees, including a number of executives - its president, CMO and COO.
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This is sad news - and surprising as well as Kateeva seems to be on the forefront of OLED inkjet printing. Kateeve raised over $125 million (including $88 million in 2016) and is working with Samsung, BOE, LG, Johua Printing and other companies. The company is leading with ink-jet printing of OLED encapsulation materials and was set to supply Samsung with the QD printing equipment for SDC's upcoming QD-OLED TV line.
