Crypto Wallet Maker Ledger to Lay Off 12% of Staff
- Firm to lay off 12% of workforce, CEO Gauthier tells staff
- Macro headwinds limiting company’s ability to generate revenue
A Ledger USB dongle for storing and carrying cryptocurrency passwords at the company's headquarters in Paris.
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Ledger, a company making hardware “wallets” for crypto investors, will lay off 12% of its workforce as it conserves resources to weather a protracted industry downturn.
“Macroeconomic headwinds are limiting our ability to generate revenue,” Ledger’s Chief Executive and Chairman Pascal Gauthier, said in an email sent to staff on Thursday. “We must continue to make decisions for the longevity of the business.”