1 year ago
Hardware wallet shaper Ledger announced successful a blog station connected Oct. 5 that it volition laic disconnected a important percent of its unit portion continuing operations.
The company’s CEO, Pascal Gauthier, wrote successful a letter:
“Macroeconomic headwinds are limiting our quality to make revenue, and successful effect to the existent marketplace conditions and concern realities … we are making the hard determination to trim 12% of the roles astatine Ledger.”
Despite those shortcomings, Gauthier said that Ledger prepared for the “bear market” successful aboriginal 2022 and saw immoderate occurrence successful that regard. He claimed that Ledger was 1 of the fewer crypto companies to rise important superior successful the archetypal 2 quarters of 2023.
Gauthier did not suggest that Ledger would trim its activity. Instead, helium said that the institution remains the person successful its country and said that existing priorities are inactive successful place.
Ledger volition propulsion guardant with Recover
Gauthier besides mentioned the upcoming motorboat of Ledger Recover, a diagnostic that allows users to regain entree to their wallet aft losing cardinal information. Ledger Recover attracted monolithic contention successful May 2023, arsenic it requires information to beryllium stored with 3rd parties. While Ledger insists that this diagnostic will beryllium optional, critics kick that the hardware and firmware capabilities that enactment Recover are a hazard successful their ain right.
Gauthier did not explicitly code the contention successful his existent letter. However, helium called Recover a “necessary work for the adjacent question of caller users.”
Gauthier additionally said that Ledger’s retail concern “has ne'er been much exciting.” He reported accrued usage, revenue, and transaction volumes for the mobile app Ledger Live. He besides described higher distributions of Ledger Nano devices and drew attraction to a caller Ledger exemplary called Ledger Stax, which features an e-ink display.
Ledger initially distributed Gauthier’s missive to its employees. The institution said that it posted the missive publically connected its blog for transparency reasons.
The station Ledger reduces unit by 12% arsenic arguable Recover diagnostic looms appeared archetypal connected CryptoSlate.
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