Tools for Humanity Conducts Layoffs as Parent of World Faces Strategy Shift on June 9

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According to Business Insider, Tools for Humanity, the parent company of World (formerly Worldcoin), is conducting layoffs on June 9, 2026. The company, valued at $2.5 billion and backed by Andreessen Horowitz, Bain Capital, and Khosla Ventures, employs over 500 people. An internal memo attributed the cuts to strategic and operational priority adjustments, with details to be disclosed during an all-hands meeting on Tuesday.
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