Crypto Wallet Maker Ledger Lays Off 12% of Staff Amid Bear Market and Economic Headwinds
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Ledger, a crypto wallet maker, is laying off 12% of its staff (around 88 jobs) due to macroeconomic headwinds limiting revenue.
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The layoffs come months after Ledger raised $109 million at a $1.4 billion valuation.
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Job losses have become common in crypto during the bear market.
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Chainalysis recently laid off 15% of its staff earlier this week.
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Ledger CEO Pascal Gauthier announced the cuts, which were first reported by Bloomberg.