Tools for Humanity, Sam Altman's iris-scanning startup behind Worldcoin(CRYPTO: WLD), announced layoffs on Monday, framing cuts as a strategic reset ahead of a Tuesday town hall that will reveal the full scope of the reductions.
“As we enter the next step of our company strategy and operating priorities, we have made the hard decision to make changes to some roles and teams across the company,” an internal email read.
The company employs more than 500 people with an unclear number of roles affected.
Tools for Humanity carries a $2.5 billion valuation backed by Andreessen Horowitz, Bain Capital, and Khosla Ventures.
Despite millions of sign-ups, the company has struggled to show how its volleyball-sized iris-scanning Orb generates steady revenue.
Regulatory pressure compounds the problem, with South Korea fining the firm $830,000 for data collection violations and Brazil ordering it to stop paying residents for iris scans.
WLD Trades As A Proxy For OpenAI IPO Beta
Analyst Adam at ABETrade
He noted WLD is holding well relative to broader market weakness, with solid momentum, negative funding, and a break from a six-month accumulation zone.
WLD Chart Shows First Clean Bullish Structure In Eight Months
WLD has surged from May lows near $0.22 to $0.5172 today, completing a full bullish EMA flip for the first time since October 2025.
Price broke above all four EMAs and reclaimed the weekly Bull Market Support Band at $0.3315 to $0.3846, which now acts as support rather than resistance.
Holding above the 200 EMA at $0.4537 on any pullback targets $0.65 then $0.75. Losing the 20 EMA at $0.4085 and falling back below the Bull Market Support Band fails the breakout and retests $0.33 then $0.25.
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