News Explorer — Hardware Wallet Firm Ledger Confirms Layoffs

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Oct 5, 6:14 pm

www.bloomberg.com

Hardware Wallet Firm Ledger Confirms Layoffs

Ledger, a leading maker of hardware wallets for crypto investors, is laying off 12% of its workforce due to macroeconomic headwinds and the need to conserve resources. The crypto industry has been hit by climbing interest rates, regulatory pressure, and a downturn in trading volumes and funding. Other companies in the industry, such as Chainalysis and R3, have also been forced to reduce their workforce.

Ledger, a leading maker of hardware wallets for crypto investors, is laying off 12% of its workforce due to macroeconomic headwinds and the need to conserve resources. The crypto industry has been hit by climbing interest rates, regulatory pressure, and a downturn in trading volumes and funding. Other companies in the industry, such as Chainalysis and R3, have also been forced to reduce their workforce.

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