Andreessen Horowitz and Bain Capital-backed Worldcoin's parent company Tools for Humanity begins layoffs; the all-hands meeting on Tuesday announced a transition plan—how long can the narrative of biometric + digital identity last?

Crypto World News reports that Ultraman's iris scanning company Tools for Humanity has announced layoffs in some positions, with the specific number of affected employees and departments not yet disclosed. The company plans to announce the follow-up transition plan and strategic focus at the all-hands meeting on Tuesday. Tools for Humanity is valued at $2.5 billion, with its core product being the metallic sphere orb that generates digital identity credentials through iris scans. Despite attracting millions of user registrations and receiving backing from Andreessen Horowitz, Bain Capital, and Khosla