Coinspeaker
Crypto Wallet Maker Ledger Cuts Staff by 12%
Hardware crypto wallet manufacturer Ledger is laying off 12% of its staff, citing microeconomic headwinds. In an October 5 blog post, the company’s CEO Pascal Gauthier wrote that the decision was made “for the longevity of the business,” which, like many crypto businesses has been impacted by the bear market caused by the collapse of major crypto firms like Voyager Digital and FTX.
“Macroeconomic headwinds are limiting our ability to generate revenue, and in response to the current market conditions and business realities, we must reduce roles across the global business,” said the CEO. “Sadly, this means we are making the difficult decision to reduce 12% of the roles at Ledger.”
Data from the company’s LinkedIn suggests that Ledger had about 734 employees when the post was published. This means that roughly 88 people may have been laid off.
The news of layoffs comes about seven months after the company completed
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