Quote from: The Sceptical Chymist on October 06, 2023, 06:59:04 AM

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.

In the winter of 2023, Amazon, Google, Microsoft fired their employees in the tens of thousands, and against their background, the dismissal of ledger 12% of employees (60 people) by the company should look like something terrifying? This is a common occurrence during economic downturns, which, if anyone hasn't noticed, are still ongoing. This would be considered a trifle during a “concrete” crisis.

Quote from: The Sceptical Chymist on October 06, 2023, 06:59:04 AM

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).

All discussions on the topic “what do 500 employees in ledger do during working hours while releasing only 3-4 products to the market” will be just speculation. We don't know the internal structure of this company, as well as the distribution of work responsibilities of employees and why there are 500 people on staff and not 50. If the ledger contained such a staff, then it is logical to assume that the company needed it. Why even raise these questions?

Quote from: The Sceptical Chymist on October 06, 2023, 06:59:04 AM

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

And I still don’t know. Why is this gossip here if negative opinions about Ledger's CEO only if it doesn't concern their devices and the users of their products? I am ready to listen to information of this nature if it is related to ledger products (hardware wallets, apps and so on) and related topics.