Fireblocks, which has developed an enterprise-grade platform for moving, storing, and issuing digital assets, is laying off 30 employees, accounting for 5% of the team. This is the first time the company has laid off employees since the start of the crisis in high-tech, with around half of those leaving Fireblocks being based out of Israel.

Fireblocks, which raised $550 million at an $8 billion valuation in January of 2022, announced last September that its 2022 Annual Recurring Revenue (ARR) had surpassed $100 million just four years after the company’s inception and three years since its first product went to market.

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