Fireblocks Lays Off Less Than 3% Of Staff Amid Business Restructuring

According to Foresight News, cryptocurrency custody platform provider Fireblocks has laid off less than 3% of its workforce, affecting 21 employees. In a statement, Fireblocks said, 'Over the past six months, Fireblocks has been focused on restructuring its market and customer support operations and preparing for the company's expansion into new regions. Less than 3% of the team was affected by the restructuring, and all affected employees received severance pay.' Fireblocks has 680 employees globally and has raised approximately $1.2 billion from investors such as Sequoia Capital and Coatue Management.