The parent company of World, Tools for Humanity, is laying off employees.

Golden Finance reports, June 9th: According to Business Insider, the parent company of World (formerly Worldcoin), Tools for Humanity, led by Sam Altman, is laying off staff. The company is valued at $2.5 billion, with investors including Andreessen Horowitz, Bain Capital, and Khosla Ventures, and has over 500 employees. An internal email stated that the layoffs are based on adjustments to company strategy and operational priorities, with specific details to be announced at the all-hands meeting on Tuesday. The company has struggled to demonstrate how its iris scanning device Orb generates stable revenue and gains regulatory approval, despite having millions of registered users.
WLD13.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned