Sam Altman's eye-scanning startup [Worldcoin parent] is laying off employees
7 hours ago
- #biometric-technology
- #cryptocurrency
- #startup-layoffs
- Tools for Humanity, an iris-scanning startup co-founded by Sam Altman, is laying off employees.
- The company has faced challenges in generating revenue and gaining regulatory approval for its Orb device.
- Despite a $2.5 billion valuation and millions of sign-ups, it is cutting roles amid strategic changes.
- The firm employs over 500 people; exact layoff numbers are unclear.
- Tools for Humanity uses Orb iris scans for digital ID and Worldcoin cryptocurrency distribution.