The last few years have proved tough for Internet of Things (IoT) specialist Sigfox as it became mired in turmoil, intrigue and uncertainty about its very survival. After becoming virtually a household name following its establishment in 2010, recent years have been marked by an exodus of top executives and job cuts. According to a report in Les Echos in September 2020, the company said it would cut 47 of 400 jobs. At the time, CEO Ludovic Le Moan told the French broadsheet that 2020 was proving to be a "complicated year," not least owing to the COVID-19 pandemic. The company has previously targeted 1 billion connected devices by 2023, but is still a long way from achieving that goal with only 17 million devices connected thus far.