{"id":85408,"date":"2023-10-06T09:29:20","date_gmt":"2023-10-06T06:29:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85408"},"modified":"2025-09-12T23:06:25","modified_gmt":"2025-09-12T20:06:25","slug":"ledger-to-cut-12-of-its-workforce","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ledger-to-cut-12-of-its-workforce\/","title":{"rendered":"Ledger to cut 12% of its workforce"},"content":{"rendered":"<p>The hardware-wallet maker Ledger will undertake staff optimisation due to &#8220;macroeconomic headwinds&#8221;. CEO Pascal Gauthier <a href=\"https:\/\/www.ledger.com\/blog\/a-message-from-pascal-gauthier-chairman-ceo-at-ledger\">\u0441\u043e\u043e\u0431\u0449\u0438\u043b<\/a> in a letter to staff.<\/p>\n<p>The layoffs will affect 12% of the workforce. According to the senior executive, the decision was made &#8220;to ensure the business&#8217;s long-term viability&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Macroeconomic headwinds constrain our ability to generate revenue, and in response to current market conditions and business realities we must reduce roles in the global business,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>According to <a href=\"https:\/\/www.linkedin.com\/company\/ledgerhq\">LinkedIn<\/a>, the company employs more than 900 people. The headquarters are in Paris and Vierzon, with offices in London, New York, and Singapore.<\/p>\n<p>In June 2021 Ledger <a href=\"https:\/\/forklog.com\/en\/news\/ledger-raises-380-million-in-series-c-at-a-valuation-of-more-than-1-5-billion\">raised $380 million<\/a>, and in March 2023 Ledger <a href=\"https:\/\/forklog.com\/en\/news\/ledger-expands-series-c-funding-round-at-e1-3bn-valuation-about-1-42bn\">announced<\/a> the expansion of the Series C funding round. The round was valued at \u20ac1.3 billion.<\/p>\n<p>Earlier the manufacturer introduced <a href=\"https:\/\/forklog.com\/en\/news\/ledger-unveils-stax-device-designed-by-tony-fadell\">a new Ledger Stax device<\/a>. Tony Fadell, the former head of the iPod development and release department at Apple, participated in its creation.<\/p>\n<p>In August, Ledger <a href=\"https:\/\/forklog.com\/en\/news\/ledger-inks-partnership-with-paypal\">announced PayPal integration<\/a>, which will allow users in the United States to buy cryptocurrency using a PayPal account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hardware-wallet maker Ledger will undertake staff optimisation due to &#8216;macroeconomic headwinds&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":85409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1640],"class_list":["post-85408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-ledger"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85408"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85408\/revisions"}],"predecessor-version":[{"id":85410,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85408\/revisions\/85410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85409"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}