I've been checking the Ledger subreddit pretty often since their idiotic, trust-destroying Recover service was announced and looking at it today, I saw a thread that linked to a Twitter post that in turn linked to some other source saying that Ledger is laying off 12% of its employees.  Having read through the reddit post, I'm seeing opinions about the cause of this ranging from "this is expected during an economic downturn" to "Ledger fucked themselves because of Recover and/or the behavior of their CEO".  Those aren't direct quotes from the post, by the way.

Frankly I was expecting a thread about this on bitcointalk, but apparently there isn't.  What do you guys think about this development?  Was it mentioned on any crypto news sites?  The reddit thread also mentioned that Ledger has something like 500 employees, which seems like a hell of a lot for a company that basically makes 3-4 products (unless a lot of programming/coding is needed).

I also wasn't aware that there were very negative opinions about Ledger's CEO.  Very interesting.