Ledger wallet considers laying off 10% of their workforce as product issues arise

13 Apr, 2019 | Updated: 13 Apr, 2019
by Fifi Arisandi
News
Ledger wallet considers laying off 10% of their workforce as product issues arise

The company behind Ledger Wallet considers of cutting payroll expense by 10% as they struggle to keep up with the previous success. 

Crypto wallet producer, Ledger is reported to be considering to cut their cost by laying off 10% of their total workforce.

The consideration was conveyed by CEO Eric Larchevêque following the council’s meeting that discussed about the future of the company a couple of days ago.

As of now, no layoffs have been made yet to their 200 employees, however Larchevêque said that if the company size keeps on growing, they would consider reducing the payroll by 10% and focus the spending to engineering and product development.

The news was made public by local media Presse Citron, which also mentioned about the company’s declining performance during 2018 due to the cryptocurrency prices dip.

That said, some might point at the quality of Ledger’s products as the cause to their declining performance.

Their decision to reduce the number of applications on their latest update to the Nano S wallet has triggered complaints from many users.

Users threw complaints on social media on how they will be obliged to upgrade to Nano X, or otherwise stuck with the limitations they’re not accustomed to.

Moreover, the latest Nano X was also reported to experience some “production issues” that have delayed the shipment for at least one month from the original launch date, as reported by News BTC.

Will Ledger ever catch up with their previous success moving forward? Stick with Chepicap to find out.

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