According to Business Insider, Tools for Humanity, the developer behind the crypto identity project World (formerly Worldcoin), co-founded by Sam Altman, is conducting layoffs internally. Although the company previously received massive funding from institutions like a16z with a valuation of $2.5 billion, its iris scanning device Orb's profit model and regulatory pressures remain severe. The specific number of layoffs has not been disclosed; an internal official email stated that this was a difficult decision made to align with the company's "next step" strategic direction.