The crypto bear market hasn’t been kind to many blockchain or crypto-focused businesses and companies, who have been forced to revisit their strategies, lay off employees, or even close up shop due to lack of funding or interest.
The latest victim of waning interest in the crypto sphere, is hardware wallet manufacturer Ledger, who is reportedly laying off as much as 10% of their workforce. But is the layoff due to the bear market, or have some business-related blunders caused the tech firm to falter?
Ledger Faces Workforce Reductions As Crypto Bear Market Fallout Continues
The crypto bear market of 2018-2019 has been long and brutal, resulting in even the largest crypto firms having to lay off employees, including Bitcoin mining manufacturing giant Bitmain and Ethereum startup incubator ConsenSys. However, the latest entity that is facing extensive layoffs, is France-based cryptocurrency hardware wallet manufacturer Ledger.
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