Coda Death Watch?

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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?