According to Foresight News, hardware wallet manufacturer Ledger has announced a 12% reduction in its workforce. In a letter to employees, CEO Pascal Gauthier stated that 'macroeconomic risks have limited our ability to generate revenue, and in order to cope with current market conditions and business realities, we must reduce positions across our global operations. Unfortunately, this means we have to make the difficult decision to cut 12% of the workforce at Ledger.'